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<CN Home>Chengdu Seeking Public Opinion on Moderate Increase of Housing Provident Fund Loan Ceiling
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To further enhance the effectiveness of the housing provident fund system, increase benefits for people's livelihood, stabilize the market, promote consumption, and better meet the rigid and improved housing needs of Chengdu residents, the Chengdu Housing Provident Fund Center plans to optimize the housing provident fund usage policy by lowering thresholds, reducing costs, and expanding scope, Chinese media reported. The center is currently seeking public opinion.

The draft for public consultation mentions plans to moderately increase the maximum loan amount of the housing provident fund. For purchasing housing in the city using the housing provident fund loan, the maximum loan amount will be raised from RMB600,000 to RMB800,000 for a single contributor, and from RMB1 million to RMB1.2 million for dual contributors.

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