The causes of the subprime mortgage crisis and its enlightenment to China's financial development

Subprime mortgage crisis, also known as the subprime mortgage crisis. The crisis initially emerged from the US real estate market, and spread to other related markets at an alarming speed, and had a significant impact on the global financial markets, the financial system. Based on the knowledge learned in the course and the relevant materials of extracurricular supplement, this paper starts from the outbreak process of the subprime crisis, focuses on the internal and external causes of the subprime crisis, and combined with the subprime crisis events, thinking about its enlightenment to the financial development of China.