The basic housing needs are supported by the increase in the provident fund deposit limit in many places
Our reporter Kang Shu
Recently, many places have adjusted the provident fund payment base and payment amount. The increase in the upper limit of the provident fund contribution base is mainly due to a certain increase in the average monthly salary of employees in 2019 compared with 2018.
Experts said that the housing provident fund provides financial guarantee and savings accumulation for the housing consumption of employees and families, and the masses and local governments recognize the housing provident fund system.
The Ministry of Housing and Urban-Rural Development, the Ministry of Finance, and the People’s Bank of China recently jointly issued the “National Housing Provident Fund 2019 Annual Report”, which shows that in 2019, the housing provident fund payment amount was 2.370.967 billion yuan; the number of housing provident fund withdrawals in the whole year was 56.485 million people. 1,628,178 million yuan; 2,860,400 personal housing loans were issued, with an amount of 1,213.906 billion yuan.
The data shows that the housing provident fund industry actively serves the non-public economy, the proportion of non-public economy paid employees continues to increase, and the non-public economy paid employees account for nearly half of the service payment objects. Among the national housing provident fund paid employees, privately owned urban enterprises, other urban enterprises, foreign-invested enterprises, private non-enterprise units and other non-publicly owned economic employees accounted for 49.04%, an increase of 1.93 percentage points over the previous year.
In 2019, the housing provident fund supports the further expansion of the group of paid employees. In the whole year, a total of 2,860,400 personal housing loans were issued and 56.485 million people were withdrawn, an increase of 13.25% and 8.72% respectively over the previous year. The number of housing provident fund loans and withdrawals accounted for nearly 40% of the number of paid employees.
In 2019, the housing provident fund supports increased consumption of rental housing. Supported 10.1382 million people to withdraw housing provident fund for rental housing of 93.783 billion yuan, and the number of supporters increased by 32.28% over the previous year.
Housing provident fund loans focused on supporting the basic housing needs of employees. Among the personal housing loans issued in 2019, the first set of housing loans accounted for 86.96%. In 2019, the housing provident fund personal housing loan interest rate was 1.65 percentage points to 2 percentage points lower than the commercial personal housing loan benchmark interest rate in the same period. During the repayment period, it can save interest expenditures of 261.714 billion yuan for loan employees, and an average of 9.13 per loan. Ten thousand yuan.