一线城市公积金归集齐破“万亿”：深圳起步最晚却最快冲刺达标

Core Viewpoint - Shenzhen has achieved a historic milestone by accumulating over 1 trillion yuan in housing provident fund contributions in less than 15 years, significantly faster than other major cities in China [1][4]. Group 1: Accumulation Timeline - Beijing established its housing provident fund system in 1992 and reached the 1 trillion yuan mark in 2017, taking 25 years [2]. - Shanghai implemented its system in 1991 and achieved the same milestone in 2019, taking 28 years [2]. - Guangzhou, also starting in 1992, reached 1 trillion yuan in 2023, taking 31 years [2]. - Shenzhen, which began its system in 2010, is projected to reach this milestone by 2025, taking only 15 years [2]. Group 2: Factors Contributing to Rapid Growth - Shenzhen's rapid accumulation is attributed to two main pillars: continuous expansion of the coverage of the system and ongoing upgrades in management capabilities [3]. - The city has adopted a "willing to contribute" approach to broaden the contributor base, including non-public enterprises and flexible employment groups [5]. - The demographic structure in Shenzhen, with a young population and many new residents, contributes to a "net contributor" status, where contributions exceed withdrawals and loans [5]. Group 3: Fund Management and Utilization - The Shenzhen housing provident fund management center primarily manages surplus funds through fixed-term deposits [3]. - As of September 2025, over 2.6 billion yuan has been withdrawn for rent payments, with total withdrawals reaching 600 billion yuan, of which over 87% is for housing consumption [7]. - Shenzhen has innovated in loan policies, including a "zero materials" process for converting commercial loans to public loans, enhancing efficiency [8]. Group 4: Loan Issuance and Risk Management - By September 2025, Shenzhen had issued over 530,000 housing provident fund personal loans totaling more than 380 billion yuan, supporting approximately 51 million square meters of housing [9]. - A comprehensive risk prevention and control system has been established to safeguard the funds, utilizing information technology to enhance effectiveness [9]. Group 5: Value-Added Earnings - The value-added earnings from housing provident funds in major cities vary, with Shanghai leading at 13.71 billion yuan in 2024, followed by Beijing at 11.77 billion yuan, Guangzhou at 4.69 billion yuan, and Shenzhen at 4.57 billion yuan [11]. - The distribution of these earnings primarily supports risk reserves for withdrawals and management costs, with a significant portion allocated to public rental housing construction [11].