讨论热度越高的时候，越要小心有些人夹带私货。 大家好，我是孙少睡，这是我的第473篇文章。 这个月开始，我发现非常多的人都开始讨论住房公积金改革了，因为2025年底的经济会议，第一次直接 点名了要加强住房公积金制度改革。 这对很久没有新消息的楼市来说，已经是2026年除了虚无缥缈的贴息之外，能抓住的唯一希望了。如果 改革落地，楼市应该能回一大口血。 孙少睡早在25年7月就写过我们已经准备对公积金的使用出政策的文章了。我当时的判断是，楼市政策 已经越出越难，越出越没新意，但公积金这个买房人几乎都会用到的手段却迟迟没有配套，不会有人对 此视而不见。 所以，公积金肯定要拿出来作为有利政策讨论的。果然2026一开年，公积金的讨论就旱地拔葱一样成了 热门话题。 讨论是好事，可以让我们对政策的预期更理性一些。但是我也发现有很多文章开始夹带私货了，尤其是 对公积金的使用方式上。 以前，我们的各类资金都是专款专用的。比如失业保险、养老金等等，后来因为实际需要，有些项目就 慢慢地变成了统筹账户加个人账户。 公积金已经是硕果仅存的强制大额储蓄了。 但是今天看到一篇文章《》，好家伙，光看标题就让我心头一紧。 文章里面直接说，我们可 ...

来源：@智通财经APP微博 智通财经12月11日讯 （记者 曹韵仪 高萍）中央经济工作会议12月10日至11日在北京举行，对于明年房 地产市场进行定调，会议明确要求"着力稳定房地产市场"。 多位专家对智通财经记者表示，防风险仍旧是地产的重点任务。"一方面，已出险的企业风险处置仍在 路上，市场化重组或出清仍面临一定次生风险；另一方面，近期新增龙头企业债务风险，又一次强化了 市场对于地产行业风险可能扩大的担忧。" 业内人士认为明年房地产市场"止跌回稳"与新模式是核心，在房地产领域有望继续出台增量政策，包括 进一步下调房贷利率与公积金贷款利率，调升公积金贷款额度上限等，进一步刺激居民购房需求。 而在供给端，当前房地产"白名单"项目贷款额度已达7万亿，较上年末增加2万亿。专家建议，接下来， 要引导商业银行加大对房企开发贷的投放力度。 住房公积金改革料将提速 增量政策存空间 中央经济工作会议指出，深化住房公积金制度改革，有序推动"好房子"建设。 "在中央经济工作会议中，对公积金相关内容最近几年鲜有明确提及，但此次将深化住房公积金制度改 革写入其中，这无疑是住房公积金领域的一项重要内容。"上海易居房地产研究院副院长严跃进 ...

Group 1 - The core viewpoint of the article highlights the nationwide housing provident fund reform set to take effect in 2025, which aims to optimize the system design and provide direct benefits to 152 million contributors through measures such as increasing limits, lowering interest rates, and expanding usage scope [1][2][12] Group 2 - The People's Bank of China announced a reduction in personal housing provident fund loan interest rates by 0.25 percentage points, with new rates set at 2.1% for loans under 5 years and 2.6% for loans over 5 years, benefiting both new and existing loans [2][3] - The reform allows provident fund usage for not only housing purchases and rentals but also for family education and major medical expenses, with an estimated 18 million families expected to benefit from education-related expenditures alone [2][5] Group 3 - Local governments have introduced differentiated measures aligned with national policies, such as adjusting contribution bases and down payment ratios, which enhance home purchasing capabilities for employees [4][5] - In economically developed regions, adjustments are more significant, with cities like Shenzhen increasing the maximum personal loan limit to 1.26 million yuan, stimulating local real estate markets [4][5] Group 4 - As of May 2025, the total number of housing provident fund contributors reached 152 million, a 7.6% increase from the previous year, indicating a significant rise in "implicit income" for employees due to policy adjustments [5][6] - Local adjustments have also shown notable effects, such as Nanjing raising the maximum contribution base to 39,900 yuan, increasing monthly contributions for employees [5][6] Group 5 - Innovative policies targeting new citizens and flexible employment groups have been implemented, allowing individual business owners to convert commercial loans to provident fund loans, benefiting approximately 40 million people [9] - Cross-regional collaboration policies are being advanced, enabling mutual recognition of provident fund loans across cities, facilitating easier access for cross-city workers [9] Group 6 - The adjustments are seen as a long-term strategy to upgrade the housing security system, with plans for digital development and improved service accessibility by the end of 2025 [11][12] - The essence of the provident fund adjustments is to transform public resources into actual purchasing power for residents, enhancing living quality and supporting the goal of common prosperity [12]