广州跟进房贷“商转公”，京沪“按兵不动”

Core Viewpoint - The "commercial to public" (商转公) loan policy is being implemented in more cities, with Guangzhou being the latest major city to announce its support, aiming to alleviate the financial burden on homebuyers and stimulate consumption [1][2][4]. Group 1: Policy Implementation - Over 30 cities nationwide have initiated the "commercial to public" loan policy, with cities like Chengdu, Chongqing, Taiyuan, and Zhengzhou already supporting it, while major cities like Beijing, Shanghai, and Hangzhou have not yet adopted the policy [1][2]. - Guangzhou's housing provident fund management center has released a draft for public consultation regarding the implementation of the "commercial to public" loan policy, targeting individuals with commercial loans that have been disbursed for over five years [1][3]. Group 2: Economic Context - The introduction of the "commercial to public" policy in Guangzhou is partly driven by the need to promote consumption and reduce the interest burden on homebuyers, reflecting a shift in housing policy towards consumer support [2][4]. - The annual interest income from Guangzhou's housing provident fund is projected to reach 4.472 billion yuan in 2025, an increase of 310 million yuan from 2024, indicating a strong financial position to support the new policy [1]. Group 3: Eligibility Criteria - To qualify for the "commercial to public" loan, applicants must meet several criteria, including having a commercial loan disbursed for over five years, the property being the only home in Guangzhou, and maintaining a good repayment record [3]. - The policy aims to assist a significant demographic, particularly young homebuyers or new residents who previously could not access public fund loans due to various restrictions [3]. Group 4: Comparison with Other Cities - While Guangzhou and Shenzhen have adopted the "commercial to public" policy, other major cities like Beijing and Shanghai remain hesitant due to their higher utilization rates of housing provident funds, which limits their ability to implement similar policies [4][5][6]. - Beijing's housing provident fund total reached approximately 2.99 trillion yuan by the end of 2024, with a significant portion being withdrawn, indicating a high demand for funds that complicates the introduction of the "commercial to public" policy [5].