How about setting up a housing security bank? Provident fund also stresses innovation.

According to the current system, even if it is relatively simple to buy a house and withdraw the provident fund, a lot of materials such as house purchase contracts, loan contracts and invoices are enough for you to prepare. The good news is that in many parts of this country, this kind of trouble will soon become history. It is said that since July 1 year, the provident fund policies in Beijing and Wuhan have changed greatly, mainly in the withdrawal of provident fund. Keywords: simplification. This is a highlight of the new provident fund policy.

Housing accumulation fund is a long-term housing deposit paid by units and their employees, and it is an integral part of the housing social security system. However, a long-standing drawback is that it is difficult to withdraw the provident fund and make loans. In this way, in the case of rampant high housing prices, the protection role played by the provident fund is extremely limited. There is a growing demand for provident fund reform in society.

In recent years, some progress has been made in the reform of the provident fund system, such as the relief of the withdrawal to a certain extent. Previously, housing provident fund could only be withdrawn when employees bought houses or overhauled houses. In fact, it is mainly under the hard condition that employees buy houses before they can extract and use them. Otherwise, personal accounts cannot be transferred until retirement. Although it is an employee personal fund, I watched it lie down until I retired. With the rampant high housing prices all over the country, the diversification of housing demand has gradually become a trend. For example, renting a house has become a common helpless choice for urban workers. Although renting a house, the monthly expenditure burden is not light. Fortunately, some cities have opened a hole in the demand for rental funds in the use of provident fund, and renting houses can withdraw provident fund on an annual or quarterly basis.

Take the Beijing version of the new regulations as an example. In the future, renting a house to withdraw the provident fund will be shortened from once a year to once every three months. The withdrawal limit is the sum of three months' contributions to the provident fund by myself and the unit. In April this year, Shanghai further relaxed the policy of withdrawing housing provident fund to pay rent and property fees, and increased the withdrawal amount. Wuhan implemented the new policy of housing provident fund withdrawal 1 from July. Employees whose monthly income is below 1900 yuan and have never used provident fund loans can withdraw provident fund on a regular basis.

In particular, Beijing uses the ready-made data generated by the provident fund system to grasp the information of these provident fund loan buyers, and other purchase contracts and purchase agreements do not need to be provided. Extract or the lender provides the original application for house purchase and a copy of ID card, and add it to the personal bank savings account. This will greatly simplify and facilitate employees to use the provident fund. These new regulations and policies are very worthy of recognition.

Of course, these small measures are still in the stage of treating the headache and the foot pain. Today, the housing accumulation fund system also involves the deep-seated problem of unfair distribution. Indeed, we should proceed from the financial policy thinking of the housing security system and "study and establish residential policy financial institutions" as soon as possible in accordance with the requirements of the decision of the Third Plenary Session of the 18th CPC Central Committee, so as to solve the problem of insufficient funds for housing purchases by urban low-income people, migrant workers and middle-class sandwich class.

One or an alternative idea is to integrate the current scale of housing provident fund with the preferential loan resources of commercial banks for the first suite, and set up a policy or quasi-policy residential financial institution specializing in the financial support function of housing security, similar to Fannie Mae and Freddie Mac funded by the US government. The difference is that Fannie Mae and Freddie Mac in the United States provide liquidity support to mortgage institutions in the mortgage bond market, rather than directly issuing housing loans. Of course, next, the housing provident fund paid by employees, as a special share capital of the "housing security bank", not only enjoys the interest income from deposits, but also shares the annual operating dividend, similar to the model of rural credit cooperatives at the beginning of their establishment. In a word, the housing accumulation fund system must be innovated, and the way out lies in the long-term fundamental reform.