你提取或者使用过住房公积金吗？除了常见的贷款购房、提取租房外，你还知道住房公积金的哪些用 途？ 对于住房公积金，很多人或许感觉"熟悉又陌生"。熟悉，在于很多城镇职工、灵活就业群体，都有这笔 账目；陌生，是因为一些人从未动用过这笔资金，或并不清楚它能有多少用途。对不少人来说，住房公 积金更像一笔躺在账户里的"沉睡资金"。 前不久召开的中央经济工作会议提出，"深化住房公积金制度改革"。这是近十年来，中央经济工作会议 首次单独点名"住房公积金"。如何理解这背后的深意？ 缴存规模大但活跃度有限 住房公积金并非一项新制度，为何在近期备受关注？答案不复杂：中国的房地产形势发生了变化。 早些年，中国住房供给重点解决"有没有"的问题。相关资料显示，1990年，中国城镇居民人均居住面积 仅7.1平方米，城镇家庭对购房、改善居住环境有较大需求。1991年，上海率先试点住房公积金制 度，"个人存储，单位资助"，目的就是在当时住房资金较为紧缺的时代背景下，为刚起步的住房商品化 改革提供资金支持。历经30余年发展，住房公积金缴存群体不断扩大，缴存规模保持增长，住房公积金 制度在保障居民住房需求方面发挥了重要作用。 近年来，中国房地产市 ...

湖南省永州市道县某居民小区，各楼幢加装的电梯近期投入使用。蒋克青摄（人民视觉） 四川省乐山市市中区以"政务嘉年华"为主题的宣传活动近日在乐山新广场举行，当地税务、公积金等政 务服务部门在现场为辖区居民提供政策宣讲等政务服务。李华时摄（人民视觉） 你提用过住房公积金吗？除了常见的贷款购房、提取租房，你还知道住房公积金的哪些用途？ 对于住房公积金，很多人或许感觉"熟悉又陌生"。熟悉，在于很多城镇职工、灵活就业群体，都有这笔 账目；陌生，是因为一些人从未动用过这笔资金，或并不清楚它能有多少用途。对不少人来说，住房公 积金更像一笔躺在账户里的"沉睡资金"。 前不久召开的中央经济工作会议提出，"深化住房公积金制度改革"。这是近十年来，中央经济工作会议 首次单独点名"住房公积金"。如何理解这背后的深意？ 缴存规模大但活跃度有限 住房公积金并非一项新制度，为何在近期备受关注？答案不复杂：中国的房地产形势发生了变化。 早些年，中国住房供给重点解决"有没有"的问题。相关资料显示，1990年，中国城镇居民人均居住面积 仅7.1平方米，城镇家庭对购房、改善居住环境有较大需求。1991年，上海率先试点住房公积金制 度，"个人存储，单 ...

改革背后 / 逾10万亿元"沉睡资金"怎么用 近年来,住房公积金在助力房地产市场发展的同时,也 因其存在提取门槛多、与商贷利率接近、大量资金"沉睡" 账户等问题,多次引发热议。 2024 年 住房公积金实缴人数 截至 2024 年末 住房公积金缴存余额 17628.75万人 109252.79 <z3 同比个 1.00% 同比 ▲ 8.61% - 近年住房公积金实缴单位数和人数- = 实缴人数(万人) +实缴单位数(万个) 关乎逾 1.7 亿人利益! 近日,"住房公积金制度改革"话题登顶微博热搜,引爆 热议。 此前,人民日报微信公众号刊发题为《中央"点名"住房 公积金,释放什么信号?》的文章指出,"公积金接下来很 可能要迎来改革大动作了"。 那么,未来住房公积金制度改革,将怎么走?对于房地产 市场而言,又将产生什么影响? 释放信号 探化住房公积金制度改革 2025年12月召开的中央经济工作会议,提出"深化住 房公积金制度改革"。在近 10年的中央经济工作会议公 报中,这是公积金首次被单独提及。 随后召开的全国住房城乡建设工作会议,公积金被 提了整整 7 次。 在稳楼市的背景下,这些信号引人关注。 一 近年全国 ...

Core Viewpoint - The housing provident fund system in China, established over 30 years ago, is facing challenges in adapting to current housing market needs and requires significant reform to enhance its efficiency and coverage [1][10]. Group 1: Current State of the Housing Provident Fund - The housing provident fund has accumulated over 10.9 trillion yuan in deposits, with a growth of approximately 195% over the past decade [7]. - As of the end of 2024, there are over 1.76 billion contributors to the fund, representing about 12.5% of the national population [5]. - The total amount withdrawn from the fund exceeds 21.8 trillion yuan, with major uses including rent, old community renovations, home purchases, and mortgage repayments [6]. Group 2: Reform Needs and Directions - The Central Economic Work Conference in 2025 emphasized the need to "deepen the reform of the housing provident fund system," marking the first such directive in a decade [10]. - Experts suggest that the fund's application should expand beyond home purchases to include rental housing, old community renovations, and other housing needs, thus becoming a core support tool for residents [2][11]. - The reform should focus on both mechanism and system improvements, including expanding coverage to flexible employment groups and adjusting withdrawal conditions [10][12]. Group 3: Challenges and Contradictions - The current system faces contradictions, such as a focus on home purchases over rentals, which limits funds' flow into new housing sectors like affordable and rental housing [9]. - The strict local management of the fund creates "funding islands," hindering cross-regional housing consumption and resource allocation [9]. - The fund's coverage is insufficient for new citizens and flexible employment workers, which may exacerbate welfare disparities [9]. Group 4: Policy Adjustments and Innovations - In 2025, over 630 real estate policies were introduced nationwide, with around 280 related to optimizing the housing provident fund [13]. - Local governments are increasingly fine-tuning policies to support various demographics, such as families with multiple children and those purchasing high-quality housing [14]. - There are ongoing explorations to broaden the fund's usage, including allowing withdrawals for property maintenance and health-related expenses [14][15]. Group 5: Future Considerations - Key issues include whether the fund can achieve cross-regional recognition and lending, which is currently limited by local interests and inconsistent management standards [16][17]. - The narrowing interest rate gap between provident fund loans and commercial loans poses challenges, necessitating a focus on maintaining a meaningful policy interest differential [17][18]. - Structural and precise expansions of loan limits are recommended, linking them to local housing prices and types, while also incentivizing continuous contributions [18].

Core Viewpoint - The recent discussions around the reform of the housing provident fund system have gained significant attention, particularly after the central government highlighted the need for reform, indicating potential major changes ahead for the system and its impact on the real estate market [4][23]. Group 1: Reform Signals - The Central Economic Work Conference in December 2025 proposed "deepening the reform of the housing provident fund system," marking the first time the fund has been specifically mentioned in nearly a decade of conference reports [4][23]. - The national housing and urban-rural construction work conference also emphasized the importance of the provident fund, indicating a strong focus on its reform in the context of stabilizing the real estate market [4]. Group 2: Recent Trends in Housing Provident Fund - The total amount deposited into the housing provident fund has shown a steady increase, reaching approximately 36,317.83 billion yuan in 2023, up from 31,935.05 billion yuan in 2022, reflecting an increase of about 13.5% year-on-year [6][12]. - The total amount withdrawn from the housing provident fund has also increased, with 27,654.84 billion yuan withdrawn in 2023, compared to 21,363.27 billion yuan in 2022, indicating a significant rise in withdrawals [9][12]. Group 3: Regional Withdrawal Data - In 2024, the housing provident fund withdrawal data showed that Beijing had a withdrawal amount of 2,631.25 billion yuan with a withdrawal rate of 80.67%, while Jiangsu had a withdrawal amount of 2,411.44 billion yuan with a rate of 74.39% [15]. - Other regions like Tianjin and Shanghai also reported high withdrawal rates, indicating a trend of increased utilization of the provident fund for housing-related expenses [15]. Group 4: Policy Changes and Market Impact - Over 630 real estate policies were introduced across various regions in 2025, with around 280 policies specifically aimed at optimizing provident fund loan policies, highlighting a significant focus on reforming the fund's usage [16]. - The anticipated reforms are expected to positively influence the real estate market by supporting healthy development and promoting housing consumption [23]. Group 5: Future Directions of Reform - The Ministry of Housing and Urban-Rural Development is working on optimizing the management of the housing provident fund and expanding its usage, which may include allowing flexible employment individuals to participate in the system [29]. - Future adjustments to the provident fund policies are expected to be more systematic, focusing on expanding the fund's usage scope and improving fund efficiency, with potential support for inter-regional recognition and lending [29].

Core Viewpoint - During the "14th Five-Year Plan" period, the region has made significant progress in housing provident fund reforms, contributing to improved living conditions and local economic development [1] Group 1: Housing Provident Fund Contributions - A total of 482,200 employees contributed 144.094 billion yuan to the housing provident fund [1] - 917,200 instances of fund withdrawals amounted to 81.661 billion yuan [1] - The issuance of provident fund loans reached 38.747 billion yuan, assisting 60,200 employees in improving their housing conditions [1] Group 2: Reform Measures - The region implemented 13 reform measures related to the housing provident fund, including collection, loans, withdrawals, assessments, and competitive deposits [1] - Key initiatives included expanding the withdrawal scope, increasing loan limits, allowing fund withdrawals for down payments, and launching a pilot program for "housing provident fund + commercial loan" cross-province combination loans [1] - These measures are aimed at enhancing public welfare and supporting high-quality local economic and social development [1]

Core Viewpoint - The article focuses on the reform of the housing provident fund system, emphasizing the need for improvements in fund management efficiency, loan limits, and the expansion of flexible employment personnel trials [2][5][19]. Group 1: Overview of the Provident Fund - The housing provident fund system was established in 1994, with the first regulations introduced in 1999, specifying its use for purchasing, building, or renovating self-occupied housing [4][12]. - By 2024, the total balance of the provident fund exceeded 10 trillion yuan, with 176 million contributors, a 1% year-on-year increase, and a total contribution of 3.6 trillion yuan, up 4.7% year-on-year [4][12]. - The amount withdrawn from the fund reached 2.8 trillion yuan in 2024, marking a 4.1% increase year-on-year, with a notable rise in withdrawals for rental and old community renovations, growing by 33% and 147% respectively [4][13]. Group 2: Recent Policy Direction - Recent policies have emphasized the need to deepen the reform of the housing provident fund system, with the Central Economic Work Conference in December 2025 highlighting the importance of this reform in stabilizing the real estate market [5][16]. - The People's Daily has indicated that the reform aims to ensure that individuals can easily access and utilize these funds to improve their housing conditions [5][16]. Group 3: Local Adjustments - In 2025, various local governments have made adjustments to provident fund policies, including lowering down payment ratios, supporting withdrawals for down payments, and expanding the scope of fund usage [5][17]. - Specific measures include increasing loan limits, allowing fund withdrawals for property management fees, and enhancing rental withdrawal limits [5][17]. Group 4: Future Focus Areas - There is a need to improve the efficiency of fund management, particularly addressing the low interest rate of 1.5% on provident fund accounts, which may not keep pace with inflation [19]. - Increasing the withdrawal limits for the provident fund is also a priority, especially in first-tier cities where housing prices are significantly higher than the current maximum loan limits [19]. - The expansion of trials for flexible employment personnel is anticipated, with 36 cities already participating as of the end of 2024, and further efforts to broaden the usage of the provident fund for rent and property fees are expected [20].

Core Viewpoint - The housing provident fund system in China is set for reform in 2024, aiming to enhance its role in supporting housing demand and economic stability, benefiting a larger number of contributors [1] Group 1: Housing Provident Fund Contributions and Reforms - In 2024, the number of contributors to the housing provident fund reached 176.29 million [1] - The Central Economic Work Conference in 2025 proposed deepening reforms of the housing provident fund system, which is expected to elevate successful local practices to a national level [1] - The reforms are anticipated to better meet housing needs and stimulate domestic demand [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 changing circumstances, providing more support for housing renovations and improvements in living conditions [1] Group 3: Inclusion of Flexible Employment - The housing provident fund's scope is expanding to include flexible employment workers, with 23 new cities participating in the pilot program, increasing the total to 36 cities [2] - By the end of 2024, over 1 million flexible employment workers are expected to contribute to the housing provident fund, with 240,000 already utilizing it for housing [2] Group 4: Increased Utilization for Rent and Home Improvement - In 2024, 81.27 million people withdrew from the housing provident fund, representing 46.10% of contributors, indicating a significant trend towards using the fund for both purchasing and renting homes [3] - The fund is also being utilized for home improvements, with 65,300 people withdrawing 2.04 billion yuan for elevator installations and other renovations [3] Group 5: Broader Applications in Public Welfare - By the end of 2024, the total balance of the housing provident fund is projected to reach 10.93 trillion yuan, with various cities exploring its use for public welfare, such as paying property fees and installing elevators in existing residential buildings [3] Group 6: Service Efficiency Improvements - There is a focus on enhancing the efficiency of housing provident fund services through improved data governance and standardization, aiming to make the process more convenient for users [4]

Core Viewpoint - The article discusses the recent reforms in the housing provident fund system in China, highlighting the reduction in loan interest rates and the optimization of policies to stimulate housing demand and improve financial conditions for homebuyers [3][5]. Policy Adjustments - The central government has initiated reforms to the housing provident fund system, with a focus on lowering interest rates, increasing loan limits, and expanding the usage scenarios for the funds [3][5]. - As of January 1, 2026, the interest rate for the first home provident fund loan has been reduced to 2.6%, while the second home rate is now 3.075% [5]. - Various cities have implemented specific measures, such as Xiamen removing withdrawal frequency limits and Sichuan supporting flexible employment individuals in using the provident fund [5][6]. Market Impact - The reduction in the first home loan interest rate from 2.85% to 2.6% results in a decrease of approximately 47,600 yuan in total interest payments over a 30-year loan for 1 million yuan, with monthly payments dropping by 132 yuan [8]. - The commercial loan interest rate is a critical variable influencing the future of provident fund loan rates, with the average rate for new commercial loans at 3.07%, only 47 basis points above the new provident fund rate [8][9]. Banking Sector Implications - The reduction in provident fund loan rates may pressure banks' interest income as customers may prefer these lower rates over commercial loans [11]. - However, customers using provident fund loans typically have stable payment records, which can improve banks' asset quality [11]. - Banks are adapting by restructuring their mortgage business, using low-cost provident fund loans to attract customers while also promoting commercial loans to balance risk and income [11][12]. Future Outlook - Analysts suggest that there is potential for further reductions in provident fund loan rates, depending on the macroeconomic environment and the recovery of the real estate market [9][10]. - The ongoing policy adjustments are expected to enhance housing demand and improve the financial capabilities of homebuyers, particularly for families with multiple children and talent groups [6][10].

Core Viewpoint - The housing provident fund system in China is expected to undergo significant reforms by 2026, focusing on expanding usage, improving efficiency, and supporting inter-city recognition and lending [2][3][8] Group 1: Policy Changes and Trends - Recent discussions highlight the need for more flexible withdrawal conditions and expanded usage scenarios for the housing provident fund, including payments for down payments, property fees, renovation costs, and taxes [2][4] - The Central Economic Work Conference in December 2025 marked the first call for deepening reforms of the housing provident fund in nearly a decade, indicating a shift in policy direction [3][4] - In 2025, over 630 real estate policies were introduced nationwide, with approximately 280 related to the housing provident fund, focusing on increasing loan limits and optimizing withdrawal conditions [4] Group 2: Local Government Initiatives - Cities like Shenyang and Chengdu have introduced new policies to optimize housing provident fund loans, including extending minimum down payment ratios and allowing family members to withdraw funds for home purchases [5][6] - Local governments are increasingly allowing the use of housing provident funds for non-traditional expenses, such as property fees and rental payments, reflecting a broader acceptance of fund usage [5][9] Group 3: Challenges and Recommendations - Despite the reforms, challenges remain, particularly regarding the efficiency of inter-city loan and withdrawal processes, which are often hindered by lengthy verification procedures [8] - Experts suggest that the housing provident fund should evolve from a welfare-based system to a more inclusive financial tool that addresses the needs of new citizens, young people, and flexible workers [7][9] - The current trend shows a decline in the proportion of provident fund withdrawals for housing consumption, indicating a need for policy adjustments to enhance its role in supporting housing needs [7][8]