The provident fund will be relaxed again! Trillion capital gains just need to buy a house group.

The news that the scope of housing provident fund withdrawal will be relaxed has recently attracted the keen attention of the general public, and decoration and property fees can be withdrawn. Friends around the reporter are faced with the problem that the mortgage has not been repaid, but the amount of provident fund has been used up and it is impossible to continue to withdraw. This policy revision will undoubtedly benefit more working-class people who have paid the provident fund.

At present, the "Regulations on the Management of Housing Provident Fund (Revised Draft)" drafted by the Ministry of Housing and Urban-Rural Development has been submitted to the State Council for deliberation, and opinions are being sought from the society. Among them, the provisions of expanding the scope of deposit and extraction conditions of provident fund and promoting the preservation and appreciation of provident fund funds have aroused heated discussions from all walks of life.

The provident fund has been criticized for being idle for many years.

At the beginning of the establishment of the housing provident fund system, it was to solve the "housing problem" of the majority of low-and middle-income groups to the maximum extent. However, the Regulations on the Management of Housing Provident Fund has been promulgated and implemented for 10 years. Although buying a house has benefited many employees, due to the imperfect deposit system, many problems have become the focus of public attention for many years, such as limited withdrawal and use of funds, limited preservation and appreciation, idle provident fund and low coverage of beneficiaries.

Provident funds are scattered all over the country, and cities can't accommodate them. The demand for loans is strong, urban funds are short, and urban funds are idle. According to industry analysis, as of 20 14, there were nearly one trillion idle provident fund funds in China, which were in a "sleeping" state and could not be loaned. Idle provident fund not only conflicts with residents' housing loans, but also does not match the investment demand of affordable housing, so it is urgent to revise and improve the existing regulations.

It is understood that the payment standards of the provident fund are different, and the gap between different units is too large. The personal account balance of provident fund in some monopoly industries is extremely high. For many low-and middle-income workers, it is difficult to reach the threshold of provident fund loans because of the low balance of personal accounts. Even if they are eligible to apply, the amount of loans they get is limited. Some groups are excluded from the overall planning of provident fund.

More importantly, some people who can't afford to buy a house or haven't bought a house can't withdraw the provident fund because they don't have housing consumption, which leads to long-term commitment to pay but can't enjoy the benefits of the provident fund.

In recent years, with the rapid growth of currency circulation, the idle provident fund is also facing the problem of depreciation. At the same time, the employee's personal provident fund account bears interest at the current and three-month fixed deposit rates. In the past 10 years, the weighted average deposit interest rate of provident fund was only about 2. 15%, which was lower than the average annual increase of CPI in the same period, which means that people's provident fund assets are shrinking every day.

Let depositors have more control over the provident fund.

It is understood that the "new version" of the provident fund management regulations further relaxed the withdrawal conditions.

First of all, it is clear that the purchase, construction, overhaul and decoration of self-occupied housing can be withdrawn from the housing provident fund by paying the rent of self-occupied housing for employees without housing and paying the property fee for self-occupied housing for employees. At the same time, it is stipulated that the purchase, construction, overhaul and decoration of owner-occupied housing, the repayment of the principal and interest of housing loans, the payment of rent for owner-occupied housing by employees without housing, and the payment of property fees for owner-occupied housing by employees can simultaneously withdraw the spouse's housing provident fund.

According to the analysis, we can "include rent and property fees in the conditions for withdrawal of provident fund" and "allow all kinds of flexible employees to pay housing provident fund and enjoy the right to withdraw and loan", which can be described as the right medicine, responding to the long-standing call of the society to expand the scope of conditions for deposit and withdrawal of provident fund, so that more people can enjoy the dividend of provident fund policy.

Some media have written an article calling for the provident fund to strictly implement the provisions of "limiting the high and ensuring the low" of the provident fund deposit, continuously narrow the gap between industries, and carry more social security functions; At the same time, it is necessary to further reduce and relax the withdrawal conditions of the provident fund, improve the utilization rate and appropriately expand the scope of application, which can be used not only for buying houses, renting houses and properties, but also for pension, medical care and even education investment, so that the provident fund can play more roles.

The reporter interviewed all kinds of people and said that depositors should be given more control over the provident fund. The new rules for maintaining and increasing value benefit those who just need it.

It is understood that the "new version" of the provident fund management regulations clearly States that "you can apply for the issuance of housing provident fund personal housing loan-backed securities in accordance with relevant state regulations". This is the first time to confirm the securitization of provident fund assets after the promulgation of the Regulations on the Management of Housing Provident Fund 13 years.

Wang Lina, a researcher at the Institute of Economics of China Academy of Social Sciences, believes that the securitization of provident fund assets is mainly due to the sharp rise in housing prices in recent years, and the sharp increase in the number and quota of house buyers, resulting in insufficient liquidity in some places. The data shows that in the first three quarters of this year, 758.5 billion yuan of housing provident fund personal housing loans were newly issued, 9.9/kloc-0.0 billion yuan more than last year. The proportion of personal loans increased from 68.9% to 76.1%; The balance of funds dropped from 1. 1 trillion yuan to 960 billion yuan.

The new regulations clarify that "housing provident fund can be used to purchase high-credit fixed-income products such as government bonds, certificates of deposit, local government bonds, policy financial bonds and housing provident fund personal housing loan-backed securities".

According to the analysis of the insiders, the preservation and appreciation of the housing provident fund, personal housing loan-backed securities and other benefits can enlarge the appreciation space of the provident fund and make up for the shortage of the withdrawal and use of the provident fund.

There are even analysis and predictions that after the revision of the provident fund regulations, it is expected to release about 2 trillion yuan in succession, which will greatly benefit the people who just need it.

According to the data of the Ministry of Housing and Urban-Rural Development, by the end of July, 20 1. 1 billion employees had been paid into the national housing provident fund, with a total deposit of 83 1 trillion yuan, a total withdrawal of 4.34 trillion yuan and a balance of 3.97 trillion yuan. A total of 4.75 trillion yuan of personal housing loans were issued to more than 23 million families of employees, with a loan balance of 2.88 trillion yuan and idle funds of about 1.09 trillion yuan.

After the regulations are amended, 1.09 trillion idle funds can be used, withdrawn or invested. According to the analysis, if the idle funds in the provident fund account are mobilized, at least 1 trillion funds can be released through the securitization of provident fund credit assets, which can bring 2 trillion funds to China's real estate market and greatly benefit the property market and first-and second-tier cities.

(The above answers were published on 20 15- 12-05. Please refer to the actual situation for the current purchase policy. )

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