以下为句子列表：
英文: This paper analyzes the institutional defects in view of the policy environment, the primary market of MBS, the secondary market of MBS, and offers countermeasures: first, setting up National Housing Mortgage Management Institution, second, enlarging the
中文: 从政策环境，抵钾货款一级市场，抵押贷款二级市场分析了中国房地产抵钾证券化的制度缺陷，进而提出了对策措施：1)成立国家住宅抵押管理机构；2)扩大房地产抵押货款范围；3)区别放货；4)国家定期公布房地产造价；5)规范MBS机构投资者。
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