In the second phase which began in October 1999,the HKMC securitises the mortgages into mortgage backed securities (MBS) and offers them for sale to investors.

 
  • 在第二階段,按揭證券公司把按揭貸款證券化,然后再把按揭證券售予投資者,這個(gè)階段已于一九九九年十月展開(kāi)。
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