More than 20 new provident fund policies were introduced during the year: most of them are tightened, and more rents can be mentioned in these few places!

　　China-Singapore Jingwei Client, August 13th (Zhang Shunan) During the year, more than 20 places including Zhengzhou, Shenzhen, Foshan, Shanghai, and Chengdu have adjusted their housing provident fund policies, and many places have significantly tightened their housing provident fund policies.

New policies on provident fund will be introduced in more than 20 areas during the year

New longitude and latitude Zhang Shunan in the data map

　　A reporter from Sino-Singapore Jingwei found that since 2021, more than 20 places including Beijing, Guangzhou, Zhengzhou, Shenzhen, Foshan, Shanghai, and Chengdu have issued new policies on provident funds, which have stipulated the withdrawal limit, loan application conditions and loan limit of the provident fund. Significantly tightened.

　　For example, on March 31, the Housing Provident Fund Management Center of Foshan City, Guangdong Province issued the "Notice on Adjusting the Mortgage Loan Policy of Our City's Housing Provident Fund."

The biggest change is that the maximum personal loan amount has been reduced from 500,000 to 300,000, that is, couples can only borrow up to 600,000.

　　Regarding the reasons for the adjustment of the housing provident fund policy, the above policy interpretation mentioned that from 2017 to 2020, the inflow of housing provident fund payment and loan principal recovery increased steadily, but the demand for the use of housing provident fund by employees has been at a high level, resulting in housing in Foshan City. The liquidity of the provident fund is insufficient. Although the loan has been issued on a waiting list, it still has not been able to solve the problem of the gradual increase in the loan funding gap.

In order to prevent liquidity risks, the Foshan City Housing Provident Fund Mortgage Loan was revised.

　　Less than a month later, on April 20, Foshan re-issued the "Notice on Adjusting the Payment Method of the City's Deposited Employees' Housing Provident Fund (Draft for Solicitation of Comments)", intending to tighten the housing provident fund withdrawal quota.

　　On June 9, the Hainan Provincial Housing Provident Fund Administration issued the "Notice on Implementing the Management of the "Deposit-loan Linkage" of Housing Provident Fund Personal Housing Loans."

The “deposit-loan linkage” management mechanism is mainly to implement the “employee’s actual loan amount that requires consideration of the deposit balance of their housing provident fund personal account, and should not be higher than the borrower (including co-borrowers) deposit balance”. "Multiple" related requirements.

It has a restraining effect on the "credit loans" of low payment deposits and high loans and surprise high payment deposits speculative arbitrage.

　　Regarding the Hainan Provident Fund New Deal, Li Yujia, the chief researcher of the Guangdong Housing Policy Research Center, believes that Hainan has its own particularities. First, Hainan has repeatedly emphasized that it does not rely on real estate and has greater regulatory pressure; second, since the release of the Free Trade Port policy, the population agglomeration effect has been obvious. The number of new citizens settled has increased greatly, but because the new citizens’ provident fund has not paid much, the contribution rate to the province’s provident fund is relatively low, resulting in a greater increase in provident fund loans than collected, and early warning must be given.

　　In addition, the Zhengzhou Housing Provident Fund Management Center issued the "Notice on Adjusting the Policy on the Use of Housing Provident Funds" in July. Employees who have paid for less than one year will not be able to apply for housing provident fund loans; when approving housing provident fund loans, the maximum repayment period and selection The monthly housing provident fund loan repayment calculated by the repayment method should not exceed 50% of the family’s monthly income. Previously, it did not exceed 60% of the family’s monthly income.

　　Yan Yuejin mentioned in an interview with a reporter from China-Singapore Jingwei that for the moment, tightening is a major trend. From the perspective of the regulatory authorities, there are not many policies that directly target provident funds, and more are the active adjustment practices of local provident fund centers.

Second housing provident fund loans are also tightened

New latitude and longitude in the data map

　　For the second set of housing, for example, on April 29, the Nantong Housing Provident Fund Management Center of Jiangsu Province issued the "Notice on Adjusting the Loan Limit for the Purchase of the Second Set of Housing Provident Fund" and mentioned that the loan line for the purchase of the second set of housing provident fund was adjusted according to 50% of the original standard is implemented, and the maximum loan amount is 200,000 yuan per person.

　　In early August, the Housing Fund Center of Inner Mongolia Autonomous Region issued an announcement on its website that when applying for housing provident fund loans, the loan interest rate will be 1.1 times that of the housing provident fund personal housing loan interest rate for the paid employees who purchase the second home of the family.

　　On August 11, the Guizhou Provincial Housing Fund Management Center issued a notice stating that the minimum down payment ratio for the second housing provident fund loan should not be less than 40%, and the loan interest rate will be 1.1 times that of the first housing provident fund personal housing loan interest rate during the same period.

　　Yan Yuejin believes that the tightening of the provident fund policy has something to do with the tightness of the provident fund from the direct reason.

"Looking back to the performance of the real estate market in the past two years, the demand for home purchases has increased significantly, which will also cause a slight overdraft of the provident fund. Therefore, it is similar to commercial bank loans. Taking the lead will have an impact on improved home purchases."

　　What needs to be mentioned is that since this year, Luoyang, Hebi, Guiyang and other places have launched housing provident fund liquidity risk warnings.

　　Yan Yuejin said that similar policies indicate that the provident fund has issued too many loans in the past, which has caused pressure on the loan line of the provident fund.

Through this kind of control, preventing the disorderly issuance of provident fund loans is restrictive for some home buyers, especially those who buy second sets of homes.

From the perspective of the real estate market, it helps to promote the rational purchase of houses by home buyers and inhibits some demand for real estate speculation.

For those just in need of home buyers, the relevant policies have little impact.

Support the development of the leasing market

　　A reporter from Sino-Singapore Jingwei found that the housing provident fund in some areas adjusted and improved the rental withdrawal policy, increased the monthly withdrawal limit for market-based rental housing, and actively supported the development of the rental market.

　　For example, the Zhengzhou Municipal Housing Security and Real Estate Administration website issued the "Notice on Increasing the Amount of Provident Reserve for Rental Housing" on February 2, stating that the withdrawal limit of the housing provident fund for tenants is allowed to increase by 30% on the existing basis.

　　Tianjin stipulates that employees who rent housing without housing and provident fund loans can be withdrawn.

Tianjin proposes that if the employee has paid and deposited the housing provident fund in full for 3 months, if he and his spouse do not own a house and rent a house in Tianjin, they can withdraw the housing provident fund to pay the rent. However, the employee and his spouse are required to have no future Settled personal housing provident fund loans.

　　On August 5, the Shanghai Provident Fund Management Center made it clear that in accordance with Shanghai’s relevant policies and regulations on public rental housing, low-rent housing access conditions, etc., employees who rent public rental housing or low-rent housing can withdraw the housing provident fund in full according to the actual rental expenditure. Set withdrawal limit.

In addition, if the employee rental housing that meets the relevant conditions is not within the scope of online signing and filing, since August 6 this year, the maximum monthly withdrawal limit per household has been increased from the original 2,000 yuan to 2,500 yuan.

　　Yan Yuejin believes that to ease the tightening pressure, all that can be done at present is to restrict loans.

However, in the future, it is still necessary to improve the payment of provident fund and expand the fund pool as much as possible.

In particular, policies such as provident fund can be used for renting a house, which objectively makes the "overhead" of the provident fund greater, and it is necessary to solve the relationship between the deposit and use of the provident fund.

(Zhongxin Jingwei APP)

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