Core Viewpoint - The Agricultural Bank of China Shenzhen Branch is actively enhancing the housing provident fund services in Shenzhen, focusing on improving service quality, expanding outreach, and leveraging technology to better serve the community [1][2][3][4][5][6][7]. Group 1: Service Expansion and Accessibility - The Agricultural Bank of China Shenzhen Branch has established a convenient service point in the Deep-Shan Special Cooperation Zone, becoming the first bank to offer comprehensive housing provident fund services in the area [2]. - The service point addresses various needs such as policy consultation, deposits, withdrawals, and loans, effectively broadening the service radius and improving accessibility for local residents and businesses [2]. Group 2: Quality Management and Training - The bank has implemented a two-tier post-check mechanism to enhance business management, ensuring daily checks on housing provident fund transactions to identify and correct errors promptly [3]. - Regular training and assessment programs are conducted to improve the professional capabilities of staff handling housing provident fund services, thereby enhancing service efficiency [3]. Group 3: Technological Innovation - The bank has pioneered the application of "digital RMB smart contracts" for housing provident fund withdrawals, significantly improving transaction efficiency by allowing funds to be credited before verification [4]. - A direct data interface with the Shenzhen Housing Provident Fund Management Center has reduced the processing time for commercial-to-public loans from 40 minutes to 10 minutes, greatly enhancing service convenience [4]. Group 4: Policy Promotion and Awareness - The bank has organized promotional activities and workshops to educate businesses about housing provident fund policies, increasing participation and awareness among employers and employees [5]. - Collaborative efforts with the Shenzhen Housing Provident Fund Management Center have resulted in the creation of engaging policy interpretation videos, which have garnered over 10,000 views, further raising public awareness [5]. Group 5: Collection Expansion Efforts - The bank is actively working to expand the collection of housing provident funds by encouraging more businesses to establish accounts, thereby increasing the number of employees benefiting from the system [6][7]. - As of July 2025, the bank has facilitated the opening of approximately 20,000 housing provident fund accounts for enterprises, with over 85,000 new contributors and a collection increase of over 740 million yuan [7].

Core Insights - The article commemorates the contributions of Yao Tinggang, a prominent economist, to the development of Shanghai and the Pudong area, highlighting his role in policy design and economic research during the early years of Pudong's development [1][3][5] Group 1: Economic Policies and Research Contributions - Yao Tinggang was instrumental in the research and implementation of policies related to the Pudong development, providing guidance on various projects, including the establishment of the Free Trade Zone [3][8] - The establishment of the Waigaoqiao Free Trade Zone in 1990 marked a significant milestone, attracting investments from 94 countries and regions, with a total investment of $16.06 billion by December 2008 [8] - The research conducted during this period focused on policy design, strategic breakthroughs, and the economic implications of the Free Trade Zone, which later evolved into China's first Free Trade Pilot Zone in 2013 [8][16] Group 2: Housing Reform and Central Provident Fund - The article discusses the implementation of the Central Provident Fund in Singapore as a model for addressing housing issues in Shanghai, emphasizing its role in providing social security and promoting home ownership [11][13] - The Shanghai housing reform plan, approved in 1991, aimed to implement a provident fund system, increase rental subsidies, and establish a housing committee, with a total annual salary of $5 billion for workers [16] - By leveraging the Central Provident Fund model, Shanghai aimed to alleviate housing shortages, with a focus on increasing home ownership rates among low- and middle-income families [13][16]