我们身边的朋友最近在讨论一个话题，说公积金政策又变了。有的人说可以少还房贷钱了，有的人说能提取更多公积金了，有的人则说自己根本没注意到有 什么变化。实际上，这次公积金新政确实改变了不少东西，只是很多人还没意识到这对自己意味着什么。 从今年开始，国家陆续推出了一系列公积金优化政策。这不是空穴来风，而是经过深思熟虑的决定。我们需要理解的是，这些政策变化对普通工薪族意味着 什么。有人说这相当于变相涨工资，这个说法有一定的道理。让我们逐一梳理一下这些变化。 首先来说最直接的感受，就是贷款利率下降了。从2025年1月1日起，存量的个人住房公积金贷款利率下调了0.25个百分点。这是什么意思？如果你之前用公 积金贷款买房，从现在起你的月还款额就会减少。这不用你主动去申请，银行会自动给你调整。一个普通的借款人，贷款300万元，贷款期限30年，这0.25 个百分点的利率下调，每个月可能就少还几百块钱。一年下来这是一笔不小的数字。 那现在的公积金贷款利率具体是多少呢？首套房贷款，5年以下（含5年）的利率调整为2.35%，5年以上的调整为2.85%。这个利率在当下的环境里是相当低 的。很多商业贷款利率都比这个高。这就是公积金政策的 ...

来源：证券时报网 近日，深圳发布了新版《住房公积金提取管理规定》，新增购房首付款提取、购房税款提取、支持"既 提又贷"等一系列举措，新规于12月15日起施行。 记者走访发现，在一系列楼市优化措施的提振下，年末深圳楼市呈现出"价跌量涨"的走势。不过，在成 交量有所回暖的背景下，市场仍"以价换量"，市场对政策优化的预期持续升温。 客户咨询公积金新政 "在我们接待过程当中，关注到有很多客户咨询公积金新政。根据项目合作的银行反馈，最近咨询和申 请公积金贷款的购房者明显增多。"龙岗一处新房营销中心的销售经理如是说。 值得注意的是，深圳发布的新版《住房公积金提取管理规定》新增购房首付款提取。职工及家庭成员在 本市购买住房，在未支付或未全额支付购房首付款前，可以提取住房公积金用于筹集首付款。此外，职 工及家庭成员在本市购买首套或第二套住房，可申请提取住房公积金，用于支付契税等购房税款。易居 研究院认为，最近两年公积金在支持住房消费和其他消费方面发挥了非常好的作用，此次深圳在全国第 一个明确公积金可支付购房税款的举措，进一步说明公积金支持住房消费和惠民生导向。 市场对政策优化的预期持续升温 在宽松的政策环境加持下，今年深圳楼 ...

近日，深圳发布了新版《住房公积金提取管理规定》，新增购房首付款提取、购房税款提取、支持"既提又贷"等一系列举措，新规于12月15日起施行。 记者走访发现，在一系列楼市优化措施的提振下，年末深圳楼市呈现出"价跌量涨"的走势。不过，在成交量有所回暖的背景下，市场仍"以价换量"，市场 对政策优化的预期持续升温。 客户咨询公积金新政 在深圳湾片区，从事房产中介工作近10年的胡经理告诉记者，受周边豪宅新盘热度带动，最近总价2000万以上的大户型成交有所活跃。"稀缺地段、拥有 低密度优势的中高端改善型楼盘在楼市调整期中表现出较高的韧性。不过，就在同一片区价格相对较低的刚需户型，业主大幅降价后才可以成交，而且现 在类似户型的二手房成交价格还是一套比一套低。"他举了一个例子，作为该片区的刚需户型代表，太古城南区近期一套42平米户型以450万元左右的价格 成交，而这个户型在2021年高峰时的售价曾接近850万元。 在他看来，深圳楼市的"分化"现象还是很明显，部分豪宅热销并不能代表整体市场，公积金新政更有利于提振刚需购房者热情。 "在我们接待过程当中，关注到有很多客户咨询公积金新政。根据项目合作的银行反馈，最近咨询和申请公积金贷 ...

近日，深圳发布了新版《住房公积金提取管理规定》，新增购房首付款提取、购房税款提取、支持"既 提又贷"等一系列举措，新规于12月15日起施行。 记者走访发现，在一系列楼市优化措施的提振下，年末深圳楼市呈现出"价跌量涨"的走势。不过，在成 交量有所回暖的背景下，市场仍"以价换量"，市场对政策优化的预期持续升温。 客户咨询公积金新政 在深圳湾片区，从事房产中介工作近10年的胡经理告诉记者，受周边豪宅新盘热度带动，最近总价2000 万以上的大户型成交有所活跃。"稀缺地段、拥有低密度优势的中高端改善型楼盘在楼市调整期中表现 出较高的韧性。不过，就在同一片区价格相对较低的刚需户型，业主大幅降价后才可以成交，而且现在 类似户型的二手房成交价格还是一套比一套低。"他举了一个例子，作为该片区的刚需户型代表，太古 城南区近期一套42平米户型以450万元左右的价格成交，而这个户型在2021年高峰时的售价曾接近850万 元。 在他看来，深圳楼市的"分化"现象还是很明显，部分豪宅热销并不能代表整体市场，公积金新政更有利 于提振刚需购房者热情。 "在我们接待过程当中，关注到有很多客户咨询公积金新政。根据项目合作的银行反馈，最近咨询和申 ...

近日，深圳发布了新版《住房公积金提取管理规定》，新增购房首付款提取、购房税款提取、支持"既提又贷"等一系列举措，新规于12月15日起施行。 记者走访发现，在一系列楼市优化措施的提振下，年末深圳楼市呈现出"价跌量涨"的走势。不过，在成交量有所回暖的背景下，市场仍"以价换量"，市场对政策优 化的预期持续升温。 客户咨询公积金新政 在深圳湾片区，从事房产中介工作近10年的胡经理告诉记者，受周边豪宅新盘热度带动，最近总价2000万以上的大户型成交有所活跃。"稀缺地段、拥有低密度优势 的中高端改善型楼盘在楼市调整期中表现出较高的韧性。不过，就在同一片区价格相对较低的刚需户型，业主大幅降价后才可以成交，而且现在类似户型的二手房 成交价格还是一套比一套低。"他举了一个例子，作为该片区的刚需户型代表，太古城南区近期一套42平米户型以450万元左右的价格成交，而这个户型在2021年高 峰时的售价曾接近850万元。 在他看来，深圳楼市的"分化"现象还是很明显，部分豪宅热销并不能代表整体市场，公积金新政更有利于提振刚需购房者热情。 "在我们接待过程当中，关注到有很多客户咨询公积金新政。根据项目合作的银行反馈，最近咨询和申请公积金贷 ...

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Viewpoints - The new housing transaction area has increased month-on-month, supporting the renovation and upgrading of existing urban facilities. The overall real estate market in China is moving towards stabilization, with potential for slight fluctuations in housing prices during this process. The expectation is for further stabilization of the real estate market under the influence of various supportive policies [5][64]. Summary by Sections 1. Support for Urban Facility Upgrades - The National Development and Reform Commission will support cities in enhancing parking facility planning and upgrading existing facilities, as well as improving the charging infrastructure network [6][14]. 2. Sales Performance - In the 48th week of 2025, the transaction area of new homes in 68 major cities reached 2.43 million square meters, a year-on-year decrease of 49% but a month-on-month increase of 5%. Cumulatively, the transaction area from the beginning of the year to date is 10.829 million square meters, down 16% year-on-year [19][29]. - The transaction area of second-hand homes in 20 cities was 1.88 million square meters, with a year-on-year growth rate of -19% [37]. 3. Investment Performance - In the 48th week of 2025, the planned land area for sale in 100 major cities was 94.7 million square meters, with a transaction area of 40.72 million square meters, down 3% year-on-year. The transaction premium rate was 0.9% [43][46]. 4. Financing Performance - In the 48th week of 2025, the issuance of credit bonds was 17.84 billion yuan, an increase of 27% year-on-year and 279% month-on-month. The cumulative issuance of credit bonds reached 379.47 billion yuan, up 2% year-on-year [51][55]. 5. Weekly Market Review - The real estate index rose by 0.72%, underperforming the CSI 300 index, which increased by 1.64%. The real estate sector ranked 23rd among 28 sectors in terms of performance [56][58].

Core Viewpoint - The recent optimization of housing provident fund policies across various cities indicates a continued release of favorable policies for the real estate market, with a focus on digital transformation and enhanced loan accessibility [1][3][8]. Group 1: Policy Changes - Zhengzhou Housing Provident Fund Management Center has launched an online application channel for personal housing loans, significantly shortening the loan application cycle for contributors [1]. - In Henan Province, cities like Luoyang and Zhumadian have increased the maximum loan amounts and extended loan terms, while also allowing the use of provident funds for upgrading old residential elevators [1][5]. - Other cities, including Chongqing and Nanjing, have also optimized their provident fund policies, reflecting a broader trend of policy enhancement in the real estate sector [1][3]. Group 2: Policy Implementation - The housing provident fund policy remains a crucial tool for regulating the real estate market, with over 30 new policies introduced in October, half of which pertain to provident fund adjustments [3]. - Hubei Province has implemented five new measures to optimize the use of housing provident funds, including increasing loan limits and expanding the scope of fund applications [3][5]. - Recent policies have eliminated the difference in loan limits between first and second homes, with the maximum loan amount increased by at least 20% for high-quality residential projects [5][6]. Group 3: Long-term Institutional Development - The optimization of provident fund policies is part of a broader trend of releasing favorable real estate policies, with a shift from city-specific measures to district-level strategies [8][10]. - The introduction of measures supporting the sale of existing homes and the promotion of "good housing" construction standards indicates a focus on long-term institutional reforms in the real estate sector [9][10]. - The recent push for "good housing" policies and the implementation of credit scoring for real estate companies in Fuzhou reflect a tightening of regulations aimed at ensuring market stability [10].

Core Viewpoint - The recent optimization of housing provident fund policies across various cities indicates a continued release of favorable policies for the real estate market, aiming to stimulate housing consumption and support market stability [2][6][9]. Group 1: Policy Changes - Zhengzhou Housing Provident Fund Management Center has launched an online application channel for personal housing loans, allowing employees to apply for loans digitally, significantly shortening the application period [1]. - In Henan Province, cities like Luoyang and Zhumadian have also optimized their provident fund policies, with Zhumadian increasing the maximum loan amount and extending loan terms, while Luoyang emphasizes the use of funds for updating old elevators [1]. - Other cities, including Chongqing and Nanjing, have also made similar adjustments to their provident fund policies, reflecting a broader trend of policy optimization in the real estate sector [2]. Group 2: Market Implications - Analysts suggest that as the year-end approaches, real estate companies are increasing their sales efforts, and with the support of various favorable policies, the market may experience a "tail-up" trend [3][9]. - The housing provident fund policy has been a crucial tool for regulating the real estate market, with over 30 new policies introduced in October alone, half of which pertain to provident fund adjustments, focusing on increasing loan limits and optimizing withdrawal processes [3]. - The recent policies include measures such as unifying loan limits for first and second homes, increasing maximum loan amounts for high-quality housing, and adjusting down payment ratios for affordable housing [3][4]. Group 3: Long-term Structural Changes - The ongoing optimization of provident fund policies is part of a broader trend of deepening and refining real estate policies, with a shift from city-level to district-level strategies [2][7]. - Long-term institutional reforms are also being implemented, such as the promotion of "good housing" policies and the introduction of regulations for selling completed properties, which aim to enhance market transparency and consumer confidence [8][9]. - The focus on "good housing" includes establishing design standards and improving the quality of housing supply, indicating a shift towards more sustainable and consumer-oriented development in the real estate sector [9].

Core Viewpoint - The Hainan Provincial Housing Provident Fund Management Bureau announced an increase in the maximum ratio of monthly housing loan repayments to family monthly income from 55% to 60%, effective November 1. This policy aims to alleviate the repayment burden on homebuyers and enhance their housing consumption capacity [1]. Summary by Relevant Categories Policy Changes - The adjustment in the repayment capacity standard allows for a higher loan amount for employees using the provident fund for home purchases, reflecting the province's commitment to support reasonable housing consumption [1]. Financial Impact - The new calculation formula for repayment capacity is: Repayment Capacity = Family Monthly Income × 60% - Family Monthly Debt - Family Monthly Guarantee. This change indicates that families can now afford higher monthly repayments, thus increasing their potential loan amounts [1].

Core Insights - The city's housing provident fund system has shown stable operation in the first three quarters of the year, with 27,800 new accounts opened and a total of 6.714 billion yuan collected, supporting 3,146 households with loans amounting to 1.328 billion yuan to meet housing needs [1][2] Group 1: Policy and Service Enhancements - The city’s provident fund center has implemented a series of new policies aimed at expanding the benefits of the system and improving service efficiency, particularly focusing on innovative measures to address social concerns [1] - The center has broken down household registration barriers to include more flexible employment individuals in the provident fund system, thereby broadening the coverage and support for new job seekers [1] - New policies have been introduced to alleviate housing pressure on young people, including extending the graduation period for new employees to 10 years and removing restrictions on purchasing first homes separately [1] Group 2: Internal Governance and Service Quality - The provident fund center has strengthened its internal governance through training programs aimed at improving service quality and administrative enforcement, ensuring a solid foundation for efficient operation [2] - The center has focused on enhancing service experience and smart support, with an updated intelligent customer service knowledge base to ensure accurate and timely responses to inquiries [2] - A comprehensive upgrade of the network security emergency response plan has been implemented to protect personal information and funds of contributors, ensuring reliable operation of housing provident fund services [2]