Can the housing provident fund only buy a house locally?

Yes, you can't use the local provident fund loan to buy a house in a foreign country, but you can withdraw the local provident fund after buying a house in a foreign country. ? The housing accumulation fund stipulated in the policy can only be used for employees to purchase, build, renovate and overhaul their own houses, and no unit or individual may use it for other purposes.

Housing accumulation fund refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units, social organizations and their employees.

20 1 1 The Ministry of Housing and Urban-Rural Development, together with other departments, is studying the revision of the provident fund regulations and liberalizing the provision that individuals withdraw the provident fund to pay housing rent. 20 13 some cities have introduced measures to allow employees suffering from major diseases or their immediate family members to withdraw provident fund for emergency.

20 14 Three departments issued a document to cancel the housing accumulation fund, individual housing loan insurance, notarization, new house evaluation and compulsory agency guarantee, so as to reduce the burden on loan workers.

The Regulation on the Management of Housing Provident Fund (Revised Draft) in 20 15 proposed that the contribution ratio of housing provident fund for employees and units should be no less than 5% and no more than 12%.

From July 20 17 1 7, all housing provident fund management centers across the country will handle the transfer and connection of housing provident fund in different places through the platform according to the requirements of the National Operating Rules for the Transfer and Connection of Housing Provident Fund in Different Places issued by the Ministry of Housing and Urban-Rural Development.