What Are the Different Types of Corporate Housing?

The housing provident fund refers to the equal deposit of state organs and institutions, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises and institutions, private non-enterprise units, social organizations and their employees. Long-term housing savings.

year 2011,

Housing provident fund

(1)

(1) Universality, regardless of the nature of the work unit, the level of family income, whether or not they have a housing, urban employees must follow the "

housing

1. When should a newly established unit establish a housing accumulation fund deposit relationship?

The newly established unit shall register with the local housing provident fund management institution within 30 days from the date of establishment.

2. What related materials should be provided when opening a new unit? When to start depositing housing provident fund?

(1) Party and government agencies, institutions, or social organizations must issue the original and photocopy of the establishment approval document or legal person certificate; the independent accounting enterprise must produce the original and photocopy of the business license; the representative office or office of a foreign or foreign agency The Office shall issue the original copy and copy of the Registration Certificate issued by the local administration for industry and commerce.

(2) Original copy and photocopy of the organization code certificate.

(3) "Basic Information Registration Form for Housing Provident Fund Depositing Units", "Remittance Register" (Introduction Form for Housing Provident Fund Account Opening), and "Housing Provident Fund Payment Form".

When the unit opens an account, it starts to deposit housing provident fund.

3. How is the deposit base of housing provident fund determined?

The housing fund contribution base is calculated based on the average monthly salary of the employee in the previous year. The average monthly salary is calculated based on the items included in the total wage statistics as stipulated by the National Bureau of Statistics.

4. What is the minimum deposit base for housing provident fund?

The housing provident fund payment base shall not be lower than the minimum wage standard for the year announced by the municipal government.

5. What is the applicable scope of the minimum contribution base for housing provident fund?

The minimum deposit base is only applicable to units that pay workers' wages in accordance with the minimum wage due to production and business difficulties.

6. What is the current minimum contribution ratio for housing provident funds?

The minimum contribution ratio of employee and unit housing provident funds is 5%, the maximum ratio is 12%, and it must not be less than 5%

7. How is the monthly payment of housing provident fund stipulated?

The monthly contribution of the employee's housing provident fund is the employee's housing provident fund contribution base multiplied by the employee's housing provident fund deposit ratio, and is withheld and paid by the unit from its salary each month.

The monthly contribution amount of housing provident fund paid by the unit for employees is the employee's own housing provident fund contribution base multiplied by the unit contribution ratio.

8. What is the time limit for depositing housing provident fund?

The unit shall remit the housing provident fund deposited by the unit and paid for the employee to the special housing provident fund account of the housing provident fund management center within 5 days from the date of payment of the employee's salary.

The newly-employed employees start to deposit housing provident fund from the second month after they join the job, and the newly transferred employees start to pay the housing provident fund from the month when the transferred unit pays wages.

9. How to determine the repayment amount if the unit has never paid the housing provident fund?

The amount of repayment of housing provident fund by the unit (including the unit's own repayment and compulsory repayment by the people's court) can be determined in different ways according to the actual situation: if the unit has never paid the housing provident fund, in principle, the repayment should be made from the Regulations No. 262) From the month of publication (April 1999), housing provident funds owed to employees. If the unit does not provide the salary of employees or the employees have objections to the salary provided, the management center may calculate it based on the salary approved by the local labor department and the judicial department, or the average salary of the employee in the previous year published by the municipal statistics department.

10. How to determine the main body of housing accumulation fund deposit responsibility in the event of merger, division or restructuring of the unit?

In the event of a merger, division, or restructuring of a unit, the employee shall make up for the housing provident fund previously owed (including unpaid and underpaid). Units that are unable to pay housing provident funds during mergers, divisions, or restructurings should clarify the subjects responsible for housing provident fund deposits before going through relevant procedures.

11. How to determine the responsible party for housing provident fund deposit in the event of cancellation, dissolution or bankruptcy of the unit?

In the event of cancellation, dissolution or bankruptcy of a unit, priority shall be given to repaying the housing accumulation fund owed to employees during liquidation. The specific method is that the liquidation team calculates the housing provident fund arrears to the employees during the service period and deposits it to the housing provident fund management center.

12. How can employees' housing provident fund be transferred in the same place of deposit and the units are merged or separated?

In the case where employees are transferred between units in the same deposit place and the units are merged or separated, they can handle the transfer of housing provident funds. When handling the transfer, fill in the "Housing Provident Fund Transfer Certificate" and affix the official seal of the transfer unit.

13. How to handle the transfer of housing provident fund when the transfer-out unit has been cancelled?

If the transfer-out unit has been cancelled, the transfer-off unit cancellation certificate (or the unit cancellation certificate issued by the competent department or the state-owned asset management company), the original and copy of the employee ID card issued by the industry and commerce department, and the "Housing Provident Fund Transfer" "Certificate" is only stamped with the official seal of the unit.

14. How can employees' housing provident fund be transferred within the administrative area? Can the housing provident fund be transferred if the new unit has not established a housing provident fund deposit relationship?

On the premise that the transfer unit opens a housing provident fund account, a letter of transfer of personnel issued by the human resources and social security department or a transfer unit receipt certificate is provided. The transfer unit will handle the transfer.

If the new unit has not established a housing provident fund deposit relationship, the transferee can only handle the employee's provident fund sealing procedures, and transfer and continue to deposit when the new unit opens a housing provident fund account.

15. How to seal the housing provident fund account if the unit and the employee terminate the labor relationship?

If the unit and the employee terminate the labor relationship, the unit shall go to the local housing provident fund management institution to complete the procedures for sealing the employee housing provident fund account within 30 days from the date of termination of the labor relationship, and complete the "change register" (in duplicate, stamped with the official seal).

16. How do employees withdraw from the sealed account meet the withdrawal requirements for housing provident fund?

When the sealed employee meets the conditions for housing provident fund withdrawal, the employee shall submit an application to the original deposit unit and provide the original and photocopy of valid certification materials. The original deposit unit shall verify and issue an extraction certificate, which shall be reviewed and approved by the housing provident fund management agency. Extraction procedures.

17. How to register for change after the name of the unit is changed?

If the unit name is changed, it shall be registered with the local housing provident fund management agency within 30 days from the date of the change. Just provide one of the following:

(1) A copy of the approval document of the superior department and a certificate of rename issued by the unit (with the official seal of the unit);

(2) A copy of the approval document of the industry and commerce department and a certificate of rename issued by the unit (with the official seal of the unit).

18. How is the reconciliation year of the housing provident fund stipulated?

The housing fund reconciliation year is from July 1 to June 30 of the following year.

19. How does the housing provident fund calculate interest?

The housing provident fund shall bear interest at the interest rate prescribed by the state from the day it is deposited in the housing provident fund account. China's housing provident fund implements a low interest rate policy. The current year's aggregated interest rates are calculated based on the interest rates announced on the settlement date and will be transferred to the previous year's carryover account after the settlement; Interest is calculated on monthly regular deposits and withdrawals. The settlement date is June 30 each year.

20. How do employees withdraw their housing funds with a one-time payment?

Employees make a one-time payment to purchase a commercial house, and provide the original and photocopy of the real estate certificate and the full sales real estate invoice or the purchase contract and the full sales real property invoice. Apply within one year based on the real estate certificate or invoice.

Purchase a second-hand house with a one-time payment, and provide the original and photocopy of the real estate certificate, the full sales real estate invoice, and the deed tax payment certificate. The real estate certificate, invoice or deed tax payment certificate shall be processed within one year.

21. Why do employees need to provide a one-time payment for real estate purchase invoices?

An additional invoice is required on the basis of the real estate certificate. The first reason is that if the employee obtains the real estate obtained by gift and also has a real estate certificate but no invoice and no actual purchase expenses occur, the extraction conditions are not met according to regulations, but if only Provide the real estate certificate to determine how to obtain the real estate. Second, according to the regulations, the total withdrawal of the purchaser and his spouse cannot exceed the actual purchase expenses, and provide an invoice as the basis for review.

22. What is the scope of the loan for the purchase and construction of homes?

Loans for the purchase and construction of self-occupied housing, including housing provident fund personal loans, commercial personal housing loans, and personal housing portfolio loans, and have been repaid for 12 months on time, can apply for withdrawal of the lender himself and his spouse during the repayment period The amount in the housing provident fund account.

23. How to withdraw housing provident fund for employees' housing provident fund loans?

Workers applying for housing provident fund loans apply for withdrawal, and fill in the "Application Form for Housing Provident Fund Repayment Loans" (in triplicate).

24. How do employees withdraw commercial housing funds from commercial loans?

For employees applying for commercial housing loans, fill out the "Application Form for Repayment of Housing Provident Fund Loan" (in triplicate), and provide the original and photocopy of the loan contract, and the bank's repayment schedule for the first 12 months (the bank must be stamped) The official seal), the original purchase contract filed by the housing management department (the deed tax payment certificate for the second-hand house or the original invoice for the full sale of real estate).

Items 25-26. If it is the spouse of the lender, the original and photocopy of the marriage certificate or the same household registration booklet must be provided.

25. How to withdraw the housing provident fund when settling abroad?

Provide the original and photocopy of the passport for departure (exit).

26. How to withdraw from the housing provident fund for those who study in different places (referring to full-time study)?

(1) Domestic universities: provide the original and copy of the admission notice, and the unit certificate;

(2) Study abroad: provide the original and copy of the admission notice and passport.

27. How does the unit withdraw the housing provident fund when an employee died or was declared dead on the job?

Provide the original and photocopy of the household registration cancellation certificate issued by the local police station or the death certificate or cremation certificate issued by the hospital.

28. How to withdraw housing provident fund if you have completely lost your labor capacity and terminated your labor relationship with the unit?

Provide the original and photocopy of the certificate of termination of the labor relationship between the employee and the unit, the certificate issued by the people's hospital at or above the county level, or the disability evaluation certificate issued by the labor capacity appraisal committee.

29. How to withdraw the housing provident fund if the principal and interest of the loan are repaid in advance?

Provide the bank's repayment settlement certificate and the last repayment statement, and the unit will withdraw the loan within one month of repaying the loan. The total withdrawal amount of both husband and wife shall not exceed the amount of the last repayment.

30. How is the housing provident fund withdrawal amount determined for one-time purchases of self-occupied housing?

For a one-time payment to purchase self-occupied housing, the employee and his / her spouse may withdraw the storage balance in their housing provident fund account at one time, but the total withdrawal amount shall not exceed the actual housing purchase expenditure.

31. How to determine the amount of housing provident fund withdrawal for a loan to purchase or build a home?

The total withdrawal amount of the lender and his / her spouse must not exceed the total repayment of the current period.

32. Why should the annual withdrawal amount of loan-buying staff and their spouses not exceed the repayment expenses of the current year?

The former three ministries and commissions of the Ministry of Construction, the Ministry of Finance, and the People's Bank of China jointly stated in 2005 (Jianjin Guan [2005] No. 5) that: "Employees and their spouses may withdraw their account balances in accordance with regulations if they use personal housing loans Repay the principal and interest of the loan. The amount of each withdrawal must not exceed the amount of interest repayable in the current period. " In recent years, with the sharp increase in loan demand and use of withdrawals, a situation of tight funding has begun. In order to overcome this problem, on the one hand, the intensity of collection is increased, on the other hand, the extraction conditions are regulated, and the previous funds are abundant in accordance with the requirements of business superiors. Too loose extraction conditions are tightened appropriately. In this way, we can better reflect the special nature of the housing provident fund, increase accumulated funds, and provide assistance to more low- and middle-income workers who need to solve basic housing problems.

33. How is the withdrawal amount of the housing provident fund determined?

Withdrawal from households, such as retirement, studying abroad, etc., can withdraw the principal and interest balance in my housing provident fund account and cancel the employee housing provident fund account.

34. Which units should pay the housing provident fund?

State organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units, and social organizations.

35. When and in what way was the "Regulations on the Management of Housing Provident Fund" promulgated? When was it revised?

It was promulgated and implemented by the State Council Order No. 262 on April 3, 1999, and announced the decision to amend the Regulations by the State Council Order No. 350 on March 24, 2002.

36. What kind of penalty should be imposed on a unit that fails to register for housing provident fund deposits or does not complete the procedures for setting up a housing fund account for its employees?

The Housing Provident Fund Management Center shall order it to be processed within a time limit; if it fails to do so, it shall be fined 10,000 to 50,000 yuan.

37. What should I do if the unit fails to pay or underpays the housing provident fund?

The Housing Provident Fund Management Center shall order it to be deposited within a specified period of time; if it is not paid within the time limit, it shall apply to the people's court for enforcement.

38. What is the subject of administrative enforcement of housing provident fund?

The Housing Provident Fund Management Center is an independent institution directly under the People's Government. It is the main body of administrative enforcement of housing provident funds and is responsible for the administrative enforcement of housing provident funds within the administrative area.

39. What is found and the management center should file a case for investigation?

In any of the following cases, the case shall be filed:

(1) The unit does not go through the registration formalities for depositing housing provident funds;

(2) The unit fails to pay or underpays the housing provident fund;

(3) The unit will not go through the formalities for setting up a housing provident fund account for its employees.

40. How is the legal liability for misappropriation of housing provident fund stipulated?

In violation of the Regulations on the Management of the Housing Provident Fund, misappropriating the housing provident fund will recover the misappropriated housing provident fund; if there is illegal income, the illegal income will be confiscated and incorporated into the housing provident fund; if it constitutes a crime, criminal liability will be investigated according to law; The person in charge directly responsible and other persons directly responsible shall be given administrative sanctions according to law.

41. What is a personal housing provident fund loan?

Personal housing provident fund loans refer to borrowers who have paid housing provident funds in full and on time in accordance with the Regulations on the Management of Housing Provident Funds. When purchasing self-occupied dwellings, they use their purchased homes or other property with ownership as collateral or pledge. Or a third party can provide guarantee for its loan and assume joint and several liability for repayment of principal and interest, and apply for a housing loan with housing provident fund as the source of funds.

42. What is the scope of the housing provident fund loan?

Employees who have paid housing provident fund in accordance with regulations can apply for a housing provident fund loan from the housing provident fund management agency when purchasing (newly-built commercial housing, housing reform, housing construction, demolition and resettlement, second-hand housing), construction, renovation, and overhaul of their own housing. .

43. What are the requirements for a borrower applying for a personal housing provident fund loan?

All applicants for a housing provident fund loan must be natural persons with full capacity for civil conduct, and have the following conditions:

Hukou or valid residence status;

There are self-raised funds equivalent to more than 20% of the cost of purchasing (newly built commercial housing, housing reform, fund-raising, demolition and resettlement housing, second-hand housing), construction, renovation, and overhaul of self-occupied housing (purchased housing area of 90 square meters) For the following, the self-raised funds shall not be less than 20%; for the purchase of housing area of 90-144 square meters, the self-raised funds shall not be less than 30%; for the purchase of housing area of more than 144 square meters, the self-raised funds shall not be less than 40% ;);

Have stable economic income and ability to repay the principal and interest of the loan on schedule;

Agree to use real estate with all property rights as collateral or securities as pledge;

The applicant must timely and fully deposit the housing provident fund (the deposit of housing provident fund for less than one year and three consecutive months will not be processed);

There is no individual housing debt of the housing provident fund and other outstanding debts that may affect the ability to repay the loan.

There is no record of non-performing loans.

44. What materials need to be prepared for new commercial housing loans?

3 copies of "Approval Form for Housing Provident Fund Loan";

The account book of the borrower and spouse, original resident ID card, marriage certificate and 3 copies; singles need to provide the original single certificate and divorce certificate and 3 copies issued by the civil affairs department; (the same applies to 47-2)

3 original legal and valid house purchase contracts. 3 copies of the "Business License" of the housing development unit, "Commercial Housing Presale Permit" (off-plan), "Commercial Housing Sales Permit", "Completion Acceptance Certificate", and photocopy of the large house certificate

In the case of mortgage or pledge guarantee, three original copies of the title certificate of the mortgaged property or the pledge right and three copies, and three original written certificates of the consent of the disposition owner for the (pledge) pledge are required;

In case of guarantee guarantee, the guarantor shall issue 3 original written commitments to provide the guarantee and provide proof of the guarantor's ability to guarantee (including business license, financial statements for the past three years, qualification certificate, credit rating certificate etc.) 3 Share

The original and three copies of the down payment payment documents (invoices, receipts, bank statements, cash payment slips, etc.) paid by the borrower for more than the specified percentage of the purchase price;

Other documents and information required by the housing provident fund management agency.

45. What materials need to prepare for second-hand housing loans?

3 copies of "Approval Form for Housing Provident Fund Loan";

The couple's husband and wife's two-person household registration book, ID card, marriage certificate, and 3 copies;

3 original legal and valid house transaction contracts signed with the owners of the property rights (including the housing co-owners); if the co-owners of the transaction house have not signed the house transaction contract, they must provide 3 original written proof of their consent to sell ;

The ownership certificate of the transaction house, that is, the original "House Ownership Certificate" and 3 copies. For the houses in common, you must provide the original "House Joint Entitlement Certificate" and 3 copies;

Prepaid house purchase bills, original deed tax payment certificate and 3 copies;

In the case of mortgage or pledge guarantee, three originals and three copies of proof of ownership of the mortgaged property or pledge right, and three originals of written proof of consent of the disposition holder to the (pledge) pledge are required. If you buy a house or other collateral for mortgage, you must also provide 3 original evaluation reports on the transaction real estate or other collateral issued by an evaluation agency recognized by the loan institution;

In case of guarantee guarantee, 3 copies of proof of guarantee ability of the guarantor (including business license, financial statements for the past three years, qualification certificate, credit rating certificate, etc.) shall be provided;

Other materials required by the housing provident fund management agency.

46. What materials need to be prepared for a personal housing provident fund loan for fundraising and building?

3 copies of "Approval Form for Housing Provident Fund Loan";

The original fund-raising plan and approval document approved by the competent authority, state-owned land use permit, construction land planning permit, construction project planning permit, original construction permit and 3 copies;

The original fund raising plan of the unit and 3 copies;

3 copies of the basic information sheet of employees participating in fund-raising and housing construction;

3 original guarantee letters issued by the unit;

The original and 3 copies of the voucher that the individual has paid for the construction fund;

3 3 originals of the fund-raising contract or agreement signed between the borrower and the unit;

The original of the account book of the borrower and spouse, ID card, marriage certificate and 3 copies.

47. What materials need to be prepared for personal self-built house loan?

3 copies of "Approval Form for Housing Provident Fund Loan";

Original and 3 copies of construction land planning permit, land use right certificate, project planning permit, construction permit and related materials;

The original contract of the project contract with the contractor and 3 copies;

3 original project (material) budget documents approved or approved by the appraisal agency approved by the loan institution;

Proof that the amount of self-raised funds or construction projects has reached the proportion specified in the project budget, including the original and three copies of relevant certification documents for self-raised funds or invested funds;

Borrower's and spouse's account book, ID card, original marriage certificate and 3 copies.

48. What materials need to be prepared for housing reform and demolition resettlement housing loans?

3 copies of "Approval Form for Housing Provident Fund Loan";

For the purchase of housing reform, you must provide 3 originals of the letter of commitment of the housing property unit, the original housing reform calculation sheet and 3 copies.

For the resettlement house, the original and 3 copies of the resettlement agreement shall be provided.

Other materials are compared with those required for new commercial housing loans.

49.What is the current minimum down payment ratio for provident fund loans?

The minimum down payment ratio for housing provident fund loans is 20% for employees who apply to purchase ordinary residences of 90 square meters (inclusive) or less; the minimum down payment ratio for housing provident fund loans is 30% for purchases of 90-144 square meters (inclusive) housing; For square meters and above, the minimum down payment ratio for housing provident fund loans is 40%; the minimum down payment ratio for two-suite housing provident fund loans is 60%.

50.What are the rules for the amount of personal housing provident fund loans?

Personal housing provident fund loan maximum limit: 300,000 yuan for new commercial housing, 200,000 yuan for second-hand housing, and must not exceed a certain percentage of the purchase and construction price.

51.What are the requirements for the term of personal housing provident fund loans?

Personal housing provident fund loan maximum term: 30 years for new commercial housing and 20 years for second-hand housing. And the term of the loan plus the age at which the borrower borrows must not exceed the legal retirement age of the borrower. For special jobs, the actual retirement age is calculated. The minimum period is 1 year.

52. How to calculate the maximum loan amount of a lender?

The lender's maximum loan amount must meet the following two conditions at the same time:

The loanable amount the sum of the housing provident fund payment bases of the husband and wife of the loan applicant × 12 months × loan life × personal loan repayment coefficient (tentatively set to 0.4);

Monthly repayment amount (funding base of borrower's provident fund + base of spouse's provident fund) ÷ 2.

53. What is the interest rate for personal housing provident fund loans ?

On July 7, 2011, the latest personal housing provident fund loan interest rate announced by the People's Bank of China is: annual interest rate of less than 5 years (including 5 years) is 4.45%, and annual interest rate of more than 5 years is 4.9%. The interest rate for the second house rose 10% on this basis.

54. What are the repayment methods for personal housing provident fund loans?

If the term of the loan is one year, the one-time principal and interest repayment will be implemented at maturity, and the interest will be paid off. If the term of the loan is more than one year, the equal principal and interest or equal principal repayment method will be adopted. Repayment is made monthly, and the entrusted bank deducts the principal and interest of the borrower's loan on a monthly basis and transfers it to the account of the housing provident fund management institution.

55. What are the main differences between the two repayment methods of the equal principal and interest repayment method and the equal principal repayment method?

The equal principal repayment method starts with more principals and generates less interest; the equal principal and interest repayment method starts with less principals and relatively more interest. Under the same loan amount, interest rate and loan term, the total interest amount of the equal principal repayment method is less than the equal principal and interest repayment method.

The equal principal and interest repayment method, the monthly repayment amount is the same, and the repayment pressure is the same each time; the equal principal repayment method, the earlier repayment is more than the later repayment, the earlier period is heavier than the later period, and the repayment is The requirements for capacity are high.

The equal principal and interest repayment method is applicable to lenders whose household income is stable throughout the loan period, such as personnel of state agencies, scientific research and teaching units; the equal principal repayment method is suitable for current income, but future work conditions Unpredictable enterprise workers or middle-aged and elderly worker families. And families with tight funds, lack of savings and eager to renovate are not suitable for the equal principal repayment method.

56. Calculate the repayment amount in the first month of 100,000 by the same principal repayment method (calculated as the whole month)?

The formula of the equal principal repayment method:

Monthly principal and interest payment amount = principal ÷ number of months of repayment + (principal-accumulated principal repaid) × monthly interest rate = 100000 ÷ 120 + (100000-0) × 0.049 / 12 = 1208.33

57. Why must the life of housing provident fund loans and commercial loans be the same in a portfolio loan?

Because the housing provident fund loan and the commercial loan in the combination loan have the same offset (pledge) collateral, the loan term expires. If the borrower fails to pay off the loan, the trustee bank must dispose of the set offset (pledge) collateral. . If the terms of the provident fund loan and the commercial housing loan are inconsistent, and one of the loans expires and the other does not, the collateral (pledge) cannot be divided for disposal. Therefore, the term of housing provident fund loans and commercial loans in portfolio loans should be consistent.

58.How is the interest rate policy for personal housing provident fund loans implemented?

The interest rate for personal housing provident fund loans is implemented at the interest rate announced by the People's Bank of China in the same period. When interest rates are adjusted during the loan period, new interest rates will be implemented from January 1 of the following year. ^[12]

On March 24, 2002, the State Council promulgated and implemented the revised "Regulations on the Management of Housing Provident Funds" (State Council Order No. 262), which covers the scope of application, institutions and responsibilities, deposit, withdrawal, use, and supervision of housing provident funds. And penalties.

On April 7, 2011, the Ministry of Housing and Urban-Rural Development issued the "Notice of the People's Bank of China on Raising the Benchmark Interest Rate of Financial Institutions' RMB Deposits and Loans".

On May 27, 2017, the Ministry of Housing and Urban-Rural Development of the People's Republic of China, the Ministry of Finance of the People's Republic of China, and the People's Bank of China jointly issued the 2016 National Housing Provident Fund Annual Report. The report shows that in 2016, the housing provident fund paid units were 238.25 Number of paid employees was 13,064.5 million, an increase of 2.98% and 5.42% over the previous year. The number of newly opened accounts was 318,100, and the number of newly opened employees was 16,128,700.

Provident fund deposits: In 2016, the housing provident fund deposits amounted to 1,656.288 billion yuan, an increase of 13.84% over the previous year. At the end of 2016, the total amount of housing provident fund deposits was 106,091.76 billion yuan, and the balance of deposits was 45,627.85 billion yuan, respectively, an increase of 18.55 percent over the end of the previous year. And 12.18%.

Withdrawal of provident fund. In 2016, the amount of withdrawal of housing provident fund was 116.268 billion yuan, an increase of 5.82% over the previous year. Among them, 939.714 billion yuan was withdrawn from housing consumption, and 222.974 billion yuan was withdrawn from non-household consumption, with an extraction rate of 70.2%, a decrease of 5.32 percentage points from the previous year. At the end of 2016, the total withdrawal of the housing provident fund amounted to 6,046.359 billion yuan, accounting for 56.99% of the total deposit.

Provident fund personal housing loans. In 2016, 3,749,400 personal housing loans and 1,270.171 billion yuan of housing provident fund were issued, respectively, an increase of 4.8% and 14.61% over the previous year; 503.455 billion yuan of personal housing loans were recovered throughout the year, an increase of 32.14 over the previous year; at the end of 2016, cumulative personal loans were issued Housing loans totaled 28.263 million and 66061.33 billion yuan, up 13.1% and 23.83% respectively from the end of the previous year. The balance of personal housing loans was 4.0535.23 billion yuan and the personal housing loan rate was 88.84%, an increase of 8.04 percentage points from the end of the previous year. ^[28]

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