China News Service, Beijing, May 24 (Reporter Pang Wuji) China has introduced a phased support policy for housing provident funds.

  China's Ministry of Housing and Urban-Rural Development, the Ministry of Finance, and the People's Bank of China jointly issued the "Notice on Implementing the Phased Support Policy for Housing Provident Funds" on the 24th.

  The notice pointed out that enterprises affected by the new crown pneumonia epidemic can apply for a deferral of housing provident fund payments in accordance with regulations, and make supplementary payments after the expiration.

During this period, the paid-in employees will normally withdraw and apply for housing provident fund loans, and will not be affected by the delay in payment.

  At the same time, if the depositors affected by the new crown pneumonia epidemic are unable to repay the housing provident fund loan normally, they will not be treated as overdue, and will not be reported to the credit bureau as an overdue record.

  In addition, according to the local rent level and reasonable rental area, various localities can increase the amount of housing provident fund rental withdrawals, support depositors to withdraw on demand, and better meet the actual needs of depositors to pay rent.

  The implementation period of the above support policies is tentatively scheduled to be December 31, 2022.

  Previously, some banks have issued corresponding policies on mortgage repayment deferrals in some areas with severe epidemics based on the actual situation in each region; some regions have also introduced supportive policies such as rent reduction or exemption for small, medium and micro enterprises, individual industrial and commercial households, etc.

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