住房公积金制度将深化改革

Core Viewpoint - The housing provident fund system in China is set for reform in 2024, aiming to enhance its role in stimulating domestic demand and stabilizing the market, benefiting more contributors and better meeting housing needs [1] Group 1: Housing Provident Fund Contributions and Reforms - In 2024, the number of contributors to the housing provident fund is expected to reach 176.29 million [1] - The central economic work conference in 2025 will propose deepening reforms of the housing provident fund system, elevating successful local experiences to a national level [1] Group 2: Support for Housing Purchases - The housing provident fund will continue to support residents in purchasing homes, with policies in place to increase loan limits and optimize processes for converting commercial loans to provident fund loans [1] - The fund is expected to adapt to support housing consumption throughout its lifecycle, including renovations and improvements to living conditions [1] Group 3: Expansion of Fund Usage - The housing provident fund's usage will expand beyond just employees to include flexible workers, with 23 new pilot cities added in 2024, increasing the total to 36 [2] - By the end of 2024, over 1 million flexible workers are expected to contribute to the fund, with 240,000 already utilizing it for housing [2] Group 4: Increased Support for Renters - In 2024, 81.27 million people are projected to withdraw from the housing provident fund, representing 46.10% of contributors, with a significant increase in withdrawals for rental purposes [3] - The fund will focus on supporting new citizens and young people in renting homes, alongside policies to ease down payment burdens for home purchases [3] Group 5: Broader Applications in Livelihood Areas - By the end of 2024, the total balance of the housing provident fund is expected to reach 10.93 trillion yuan [3] - Various cities are exploring the use of the fund for additional livelihood expenses, such as property fees and elevator installations in existing residential buildings [3] Group 6: Service Efficiency Improvements - There is a strong emphasis on enhancing the convenience and efficiency of housing provident fund services through improved data governance and standardized service levels [4]