齐鲁晚报·齐鲁壹点记者 孟杰 符合条件者购房可全额提取 对于灵活就业人员缴存公积金的使用权益，意见也从3方面做了保障。 要综合考虑灵活就业人员缴存金额、缴存频率、缴存时长等因素，合理设定存贷挂钩的贷款配贷机制，鼓励多缴多贷、长缴多贷。探索 灵活就业人员权益换算方式，支持符合条件的灵活就业人员申请住房公积金异地贷款。 为深入贯彻落实国家关于健全多层次社会保障体系的决策部署，切实提升灵活就业人员住房保障水平，进一步扩大住房公积金制度受益 范围，4日，山东就全面推进灵活就业人员参加住房公积金制度工作，提出指导意见。意见要求，2025年年底前，全省16设区城市全面推 开灵活就业人员参加住房公积金制度，出台管理办法或相关规定，实现"愿缴能缴"。2030年年底前，全省基本形成覆盖广泛、政策灵 活、服务便捷的住房公积金管理体系，灵活就业人员参加住房公积金制度覆盖面和受益面显著提升，住房保障能力明显增强。 可根据收入自主确定缴存额 身份转换缴存资金可衔接 意见从明确缴存范围、规范账户开立、创新缴存方式、保障权益接续4个方面规范了公积金的缴存管理。 在法定劳动年龄内，具有完全民事行为能力，信用良好，以非全日制、个体经营、新业态 ...

Core Points - The article discusses the implementation of a new policy in Zhaoqing City that allows flexible employment individuals to voluntarily contribute to and utilize housing provident funds, effective immediately [1] Group 1: Policy Overview - The new management measures aim to expand the coverage of the housing provident fund system and enhance its inclusivity [6] - The policy applies to flexible employment individuals aged 16 and above who earn their primary income through self-employment, part-time work, or new business models, and who have full civil capacity [5][7] Group 2: Contribution Details - Contributions to the housing provident fund are voluntary, with individuals required to report their contribution base and rate [8] - The contribution base cannot exceed three times the average monthly salary of employees in the previous year, nor fall below the minimum wage standard set by the city [8] - The contribution rate must be between 10% and 24%, chosen by the individual [8] Group 3: Account Management - Each individual can only have one housing provident fund account, and existing accounts can be used [8] - Contributions can be made monthly, quarterly, or as a lump sum, and the funds are owned by the contributor [8] - If an individual wishes to stop contributing, they must first freeze their account for six months before withdrawing the total balance [10] Group 4: Withdrawal and Loan Conditions - Flexible employment individuals can apply to withdraw their provident fund balance if they meet the city's withdrawal policy [10] - To qualify for a housing loan, individuals must have contributed to the fund for at least six months prior to the loan application [11] Group 5: Implementation Timeline - The policy will be effective for five years starting from August 18, 2025 [11]

Core Viewpoint - The article emphasizes that the housing provident fund policy will have a significant supplementary effect on stabilizing housing prices, with potential for further optimization to encourage more individuals to consider purchasing homes [1][3]. Summary by Sections Housing Provident Fund in China - The housing provident fund system has rapidly developed over the past decade, benefiting more people with key characteristics including: 1. Continuous expansion of coverage and steady growth in contribution scale 2. High proportion of housing consumption in fund withdrawals, with an increasing withdrawal rate 3. Alignment of housing fund loans with real estate market cycles, with a gradual decline in personal housing loan rates - The system is viewed as a social housing security mechanism and plays a crucial role in stabilizing the real estate market and meeting reasonable housing demands as interest rates decline [1][2]. Potential Impact of Optimizing Provident Fund Policies - In the first half of 2025, various regions are expected to introduce policies to optimize the housing provident fund, such as lowering loan interest rates, increasing loan limits, reducing down payment ratios, and enhancing subsidies to activate potential purchasing power - The estimated contribution of these new policies to sales area in first-tier and new first-tier cities is modest, with increases of approximately 4.4% in Beijing, 1.8% in Shanghai, 2.8% in Shenzhen, 9.2% in Guangzhou, 5.4% in Hangzhou, and 7.9% in Chengdu - In contrast, the impact on second- and third-tier cities is more pronounced, with sales area increases nearing 50% in cities like Yantai and Zibo, and approximately 52.6% in Baoding - The analysis also indicates that after the policy adjustments, monthly mortgage payments in cities like Shanghai, Wuhan, Chongqing, Chengdu, and Jinan have become lower than monthly rents, suggesting a shift towards home buying over renting [2][3]. Investment Recommendations - The company maintains a "buy" rating, believing that the housing provident fund policy will effectively support the market as housing prices stabilize - The policies are primarily aimed at first-time homebuyers and those with urgent needs, providing a stabilizing effect - Future adjustments may include expanding the use of the provident fund for down payments, addressing operational bottlenecks, supporting inter-city loans, and optimizing standards for second-home loans, among other measures [3].

Core Viewpoint - Chongqing is focusing on housing consumption needs and optimizing housing provident fund policies to support residents in solving basic housing issues and boosting housing consumption [1][4]. Group 1: Housing Provident Fund Policies - As of July 24 this year, Chongqing's housing provident fund center has processed 10,827 commercial-to-public loan direct transfer transactions, amounting to 6.158 billion yuan, with a direct transfer ratio of 93% [6]. - The new direct transfer service for commercial-to-public loans significantly reduces the burden on borrowers by eliminating the need for upfront capital to pay off original commercial loans, thus streamlining the process [4][5]. - The initiative began with five major state-owned banks and will expand to include 16 banks by July 2025, enhancing accessibility for borrowers [4]. Group 2: Support for Flexible Employment - The number of flexible employment individuals with accounts has reached 474,300, with total contributions of 1.14 billion yuan, the highest in the country [7]. - A total of 173,800 withdrawals have been made, amounting to 447 million yuan, and 1,110 loans totaling 487 million yuan have been issued, saving approximately 42 million yuan in interest for flexible employment contributors [7]. - Policies have been upgraded four times to reduce contribution pressure and increase loan limits, with the minimum contribution period reduced from 24 months to 6 months and maximum loan amounts increased significantly [8].

Core Points - The Ministry of Housing and Urban-Rural Development is expanding the pilot program for flexible employment workers to participate in the housing provident fund system, increasing the number of pilot cities from 13 to 36 by 2024 [1] - 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 renting or purchasing homes [1] - The program allows flexible employment workers aged 16 or 18 and below the legal retirement age to contribute, with no household registration restrictions in cities like Shenyang and Zibo [1] Summary of Housing Provident Fund Data - In 2024, there will be a net increase of 342,400 housing provident fund contributors and 1.7407 million contributors nationwide, indicating a continuous expansion of the fund [2] - The number of individuals withdrawing from the housing provident fund reached 81.27 million, accounting for 46.10% of contributors, with total withdrawals amounting to 27,654.84 billion yuan, a 4.11% increase from the previous year [2] - The housing provident fund is playing a positive role in stabilizing the real estate market, with policies supporting the withdrawal of funds for down payments and facilitating cross-regional loans and withdrawals [2]

Core Insights - The total accumulated housing provident fund contributions reached 32.79 trillion yuan by the end of 2024, with a balance of 10.93 trillion yuan and withdrawals amounting to 2.77 trillion yuan, highlighting a mismatch between deposits and withdrawals [1][5][9] - The report indicates that the housing provident fund system, introduced in the 1990s, has not achieved the same effectiveness as in Singapore, leading to discussions on improving its utilization efficiency [1][11] Contribution and Withdrawal Data - By the end of 2024, the total contributions to the housing provident fund were 36.32 trillion yuan, while the total withdrawals were 2.77 trillion yuan, resulting in a withdrawal rate of 76.15% [1][6][9] - The report shows that nearly a quarter of the withdrawals in 2024 were due to retirement, with 11.52 million people withdrawing a total of 687 billion yuan [7][9] Withdrawal Restrictions - The report outlines various conditions under which individuals can withdraw from the housing provident fund, including for housing rental, home purchase, and loan repayment, but emphasizes that many face significant barriers to accessing these funds [5][6][9] - In Beijing, for example, individuals must have contributed for at least three months and meet specific criteria to withdraw funds for rental purposes [6][9] Loan Market Insights - In 2024, 2.31 million personal housing loans were issued, totaling 1.30 trillion yuan, with 86.86% of these loans supporting first-time home purchases [9][10] - The market share of housing provident fund loans was reported at 17.64%, indicating a relatively low penetration in the overall housing loan market [9][10] Interest Rate Adjustments - The People's Bank of China announced a reduction in the housing provident fund loan interest rate by 0.25 percentage points, bringing the rate for first-time homebuyers to 2.60% [10][11] - Despite this adjustment, the competitive advantage of housing provident fund loans has diminished as commercial loan rates have also decreased [9][10] Recommendations for Reform - Experts have called for reforms to enhance the utilization of the housing provident fund, suggesting that the current system has significant funds lying dormant in accounts [13][14] - The report indicates ongoing efforts to include flexible employment workers in the housing provident fund system, with over 1 million participants in pilot cities by the end of 2024 [15][16]

Core Insights - The 2024 National Housing Provident Fund Annual Report indicates stable operations with total contributions reaching 36,317.83 billion yuan and 8,127.04 million people withdrawing 27,654.84 billion yuan [1] - The report highlights an increase in the number of participating units and individuals, with 5.29 million units and 176.29 million individuals contributing, marking a growth of 6.92% and 1% respectively compared to the previous year [1] - The report emphasizes the expanded support for flexible employment individuals, with 23 new cities added to the pilot program, increasing the total to 36 cities [1] Group 1: Housing Fund Operations - The total amount of personal housing loans issued reached 1,304.31 billion yuan, with 230.56 million loans granted [1] - The number of individuals withdrawing funds for housing purposes accounted for 46.10% of contributors, with a total withdrawal amount of 27,654.84 billion yuan, reflecting a 4.11% increase year-on-year [1][2] - The housing fund policies have been optimized to facilitate the withdrawal of funds for down payments and support inter-city loans [2] Group 2: Impact on Real Estate Market - The housing provident fund has played a positive role in stabilizing the real estate market, with a total of 30,970.83 billion yuan in personal housing loans and withdrawals combined [2] - A reduction in housing loan interest rates by 0.25 percentage points starting May 8, 2025, is expected to alleviate financial pressure on homebuyers [2] - In Ma'anshan, Anhui Province, the housing fund has been instrumental in enhancing housing consumption, with a significant increase in rental withdrawals [2] Group 3: Support for Housing Improvement - The housing fund has also supported the renovation of old residential areas and the installation of elevators, with 65,300 individuals withdrawing 2.04 billion yuan for such improvements [3] - Specific cities have implemented policies allowing fund withdrawals for elevator installations, with limits adjusted to better support residents [3] - The expansion of withdrawal policies aims to reduce the financial burden on individuals undertaking home improvements, contributing to urban renewal efforts [3]

Core Insights - The report indicates that the national housing provident fund operations in 2024 are stable, with total contributions reaching 36,317.83 billion yuan and withdrawals amounting to 27,654.84 billion yuan [1][2] - The number of individuals withdrawing funds reached 81.27 million, representing 46.10% of contributors, with a 4.11% increase in withdrawal amounts compared to the previous year [1][3] - The report highlights a significant increase in support for rental housing, with withdrawals for this purpose rising by 33.93% to 2,720.57 billion yuan [1][4] Contribution and Withdrawal Summary - In 2024, the number of contributing units increased to 5.29 million, and the number of contributors rose to 176.29 million, marking growth of 6.92% and 1.00% respectively [2] - Total contributions for the year were 36,317.83 billion yuan, a 4.67% increase from the previous year, with cumulative contributions reaching 327,941.35 billion yuan [2] - The total amount withdrawn from the housing provident fund reached 218,688.56 billion yuan by the end of 2024, accounting for 66.69% of total contributions [3] Usage of Withdrawals - The primary uses of the withdrawn funds include rental housing and renovation of old communities, with 2,257.44 million people withdrawing 2,720.57 billion yuan for rental purposes [4] - Additionally, 4,931.59 million individuals withdrew funds for purchasing, building, renovating, or repaying housing loans, totaling 17,927.76 billion yuan [4][5] - Withdrawals due to retirement and other reasons accounted for 1,151.60 million people, totaling 6,870.01 billion yuan [5] Loan Issuance and Support - In 2024, 230.56 million personal housing loans were issued, amounting to 13,043.07 billion yuan, with a focus on supporting first-time homebuyers [7] - The cumulative number of personal housing loans issued reached 49.99 million, totaling 164,901.08 billion yuan, with a market share of 17.64% [7] - The report also notes that there were no overdue loans for pilot projects supporting affordable housing construction [8] Asset Risk Overview - By the end of 2024, the non-performing loan balance for personal housing loans was 4.09 billion yuan, with a non-performing rate of 0.05% [8] - The report indicates that no overdue loans occurred for pilot projects supporting affordable housing construction, with all loans and interest recovered [8]

Core Points - The Shanghai Municipal Housing Provident Fund Management Center released the "Implementation Measures for Voluntary Contribution, Withdrawal, and Use of Housing Provident Fund by Flexible Employment Personnel" which will take effect on June 1, 2025 [1] - The measures allow individuals aged 16 and above, engaged in flexible employment in Shanghai, to voluntarily contribute to the housing provident fund without residency restrictions [1] - The growing number of flexible employment personnel in Shanghai is recognized, and the measures aim to provide them with benefits from the housing provident fund system [1] Contribution Details - Flexible employment personnel can sign an agreement with the municipal fund center to determine their contribution amount and method, with a contribution base that must not be lower than the annual minimum and not exceed the maximum [1] - The contribution rate is set between 10% and 24%, with the minimum monthly contribution for 2024 being 270 yuan and the maximum being 8,860 yuan [1][2] Withdrawal and Loan Provisions - Flexible employment personnel can withdraw their housing provident fund for various reasons, including purchasing or renting a home, repaying housing loans, retirement, or personal needs [2] - To qualify for a housing loan, flexible employment personnel must have contributed to the fund for at least 12 consecutive months and meet general loan conditions, with additional support for families with multiple children purchasing their first home [2]