On October 15, the Housing Provident Fund Management Center of Panzhihua City, Sichuan Province issued the “Notice on Further Adjusting and Optimizing the Use of Housing Provident Funds”. The document proposes to explore the implementation of intergenerational mutual assistance in the Provident Fund. Phased support allows depositors to use the housing provident funds of both parents or children of themselves and their spouse to pay for the purchase of the home when purchasing the family's first self-occupied housing unit at the place of deposit. The depositor and his/her spouse have housing provident funds for both parents or children at the same deposit site, and there are no unsettled personal housing provident fund loans; there are no other situations where withdrawals are not permitted; the sum of the withdrawal amount and loan amount of the joint application does not exceed the total amount of the home purchase. The measures in this section establish a liquidity control mechanism, and use 80% of the personal housing loan ratio of the Provident Fund as the liquidity control standard, which is higher than this standard, and the implementation of this section is suspended.

On October 15, the Housing Provident Fund Management Center of Panzhihua City, Sichuan Province issued the “Notice on Further Adjusting and Optimizing the Use of Housing Provident Funds”. The document proposes to explore the implementation of intergenerational mutual assistance in the Provident Fund. Phased support allows depositors to use the housing provident funds of both parents or children of themselves and their spouse to pay for the purchase of the home when purchasing the family's first self-occupied housing unit at the place of deposit. The depositor and his/her spouse have housing provident funds for both parents or children at the same deposit site, and there are no unsettled personal housing provident fund loans; there are no other situations where withdrawals are not permitted; the sum of the withdrawal amount and loan amount of the joint application does not exceed the total amount of the home purchase. The measures in this section establish a liquidity control mechanism, and use 80% of the personal housing loan ratio of the Provident Fund as the liquidity control standard, which is higher than this standard, and the implementation of this section is suspended.