There is no provident fund for the property scraped by China Merchants.

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 and their employees.

The housing accumulation fund system is actually a housing security system and a form of monetization of housing distribution.

. The housing accumulation fund system is an important social security system for housing stipulated by national laws, which is mandatory, mutually supportive and guaranteed.

Units and individual employees must fulfill their obligations to pay housing provident fund according to law.

Housing provident fund paid by individual employees and housing provident fund paid by units shall be stored in special accounts.