Group 1: Housing Fund Policy - Beijing Housing Fund Management Center has announced an expansion of the pilot program for direct payment of housing rent using housing provident fund, aiming to better meet the rental housing consumption needs of contributors [1] - The number of pilot housing rental institutions has increased from 3 to 4, with the addition of Beijing Ziroom Housing Rental Co., Ltd. [1] - The pilot scope for two commercial housing rental partners has been expanded to the entire city, and the number of public rental housing pilot projects has increased to 3 [1] Group 2: Real Estate Market Trends - In June, new home prices in first-tier cities decreased by 1.4% year-on-year, with the decline narrowing by 0.3 percentage points compared to the previous month [2] - Shanghai experienced a price increase of 6%, while Beijing, Guangzhou, and Shenzhen saw declines of 4.1%, 5.1%, and 2.5% respectively [2] - Second and third-tier cities also saw year-on-year price declines of 3% and 4.6%, with reductions narrowing by 0.5 and 0.3 percentage points respectively [2] Group 3: Company Sales Performance - China Resources Land reported a total contract sales amount of approximately 23.45 billion yuan in June, with a year-on-year decrease of 26.7% [3] - Longfor Group disclosed a total contract sales amount of 4.64 billion yuan in June, with a contract sales area of 394,000 square meters [4] Group 4: Debt Restructuring - CIFI Group's three domestic bond restructuring proposals have been approved, with a total outstanding scale of approximately 3.09 billion yuan [5] - The bondholder meetings for the restructuring were held online, with approval rates of 69.92%, 65.78%, and 85.73% for the respective bonds [5]

Core Viewpoint - The article discusses the expansion and optimization of the housing provident fund's direct rent payment policy in Beijing, which now includes quarterly payments and a broader range of rental properties available for the program [1][4][5]. Group 1: Policy Changes - The new policy allows for both monthly and quarterly direct rent payments, expanding the options for renters [4]. - The application period for rent payment has been extended to the validity period of the housing rental contract, allowing for existing contracts to be processed [4][5]. - The total number of trial rental units has increased from 40,000 to 330,000, with the addition of three public rental housing projects [5]. Group 2: Trial Unit Expansion - The trial units now cover the entire city, with four housing rental institutions participating, including the newly added Beijing Ziroom Housing Rental Co., Ltd [5]. - The trial range for two of the rental housing cooperation units includes all their operational properties across the city [5]. Group 3: Payment Limits and Procedures - For monthly rent payments, the withdrawal limit is determined by comparing the monthly rent and the monthly provident fund contribution [7][8]. - For quarterly payments, the limit is based on the comparison of quarterly rent and the total of three months' contributions [8]. - If the provident fund is insufficient to cover the rent, the shortfall must be negotiated between the renter and the rental institution [9]. Group 4: Application and Notification Process - Renters can apply for the direct rent payment through the Beijing Provident Fund APP, and existing applications will be automatically terminated upon approval of the new request [9]. - The housing provident fund center provides notifications and multiple channels for renters to check their fund transfer status [9].

Core Viewpoint - The Beijing Housing Provident Fund Management Center has announced an expansion of the pilot program for direct rent payment using housing provident funds, aiming to better meet the rental housing consumption needs of contributors [1][3]. Summary by Sections Background of the Notification - The notification is part of the effort to implement the central government's housing policy, promoting a rental and purchase housing system, and increasing support for contributors renting housing [3]. Optimizations to the Pilot Program - The frequency of rent payment has been increased to include "quarterly direct payment" in addition to the existing "monthly direct payment" option [4][5]. - The application period for the direct rent payment has been extended to the validity period of the housing rental contract, allowing for the processing of existing contracts [5]. Expansion of the Pilot Program - The coverage of rental sources has been expanded, increasing the total number of trial housing units from 40,000 to 330,000, and adding three public rental housing projects [6]. Withdrawal Limits for Direct Rent Payment - For monthly withdrawals, the limit is based on the lesser of the monthly rent or the monthly provident fund contribution, with special provisions for families with multiple children [7][8]. - For quarterly withdrawals, the limit is based on the lesser of the quarterly rent or three times the monthly provident fund contribution, with similar provisions for families with multiple children [9][10]. Payment of Rent Shortfalls - Any shortfall between the automatic transfer amount and the rent must be negotiated between the contributor and the rental institution [12]. Transition from Other Withdrawal Types - Contributors who have previously applied for other types of housing fund withdrawals can switch to the direct rent payment option, with specific conditions regarding the timing of applications [15][16]. Inquiry on Fund Transfer Information - Contributors can receive notifications about fund transfers through the "Beijing Provident Fund" public account and can check their account status through various online and offline channels [17][18]. Spousal Withdrawal Conditions - A spouse can apply for withdrawal due to marriage only after the first rent payment has been made under the direct rent payment program [20].