Home 禄 Business 禄 Real Estate
Housing provident fund stable in 2019
Print Edition
Total deposits of China鈥檚 housing provident fund reached 2.37 trillion yuan (US$334.4 billion) in 2019, official data showed.
A total of 56.49 million people withdrew their provident fund last year, amounting to 1.63 trillion yuan, according to a report released by the Ministry of Housing and Urban-Rural Development, the Ministry of Finance and the People鈥檚 Bank of China in Beijing.
Among those who contributed to the fund, the proportion of employees in the non-public sector, including private businesses and foreign-invested enterprises, accounted for 49.04 percent, an increase of 1.93 percentage points over the previous year, said the report.
The housing provident fund is a long-term housing savings plan made up of compulsory monthly deposits by both employers and employees. It can only be used by employees for house-related expenses.
In the meantime, 2.86 million individual housing loans were issued in 2019, totaling 1.21 trillion yuan, the report said.
The housing provident fund mainly supports employees鈥 basic housing demand and reduces the interest burden of housing loans for employees.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
