China's urban development is shifting from a stage of large-scale incremental expansion to a stage where stock is mainly improving quality and efficiency. People's housing demand is generally shifting from whether to good or bad. Housing consumption expenses are expanding from buying and renting to repairing and maintaining houses, and depositors' demand for housing decoration, renovation, maintenance, etc. has increased dramatically, and there is an urgent need to expand the scope of use of housing provident funds. Recently, the Executive Meeting of the State Council reviewed and passed the “Decision of the State Council on Amending the 'Regulations on the Administration of Housing Provident Funds'”. The conference pointed out that it is necessary to make better use of the function of housing provident funds, broaden the scope of withdrawal and use, expand the coverage of the system, improve the efficiency of management services, and better meet the diverse housing consumption needs of residents. This means that the basic role of the Housing Provident Fund in promoting housing consumption and safeguarding people's livelihood and welfare will become more prominent.

China's urban development is shifting from a stage of large-scale incremental expansion to a stage where stock is mainly improving quality and efficiency. People's housing demand is generally shifting from whether to good or bad. Housing consumption expenses are expanding from buying and renting to repairing and maintaining houses, and depositors' demand for housing decoration, renovation, maintenance, etc. has increased dramatically, and there is an urgent need to expand the scope of use of housing provident funds. Recently, the Executive Meeting of the State Council reviewed and passed the “Decision of the State Council on Amending the 'Regulations on the Administration of Housing Provident Funds'”. The conference pointed out that it is necessary to make better use of the function of housing provident funds, broaden the scope of withdrawal and use, expand the coverage of the system, improve the efficiency of management services, and better meet the diverse housing consumption needs of residents. This means that the basic role of the Housing Provident Fund in promoting housing consumption and safeguarding people's livelihood and welfare will become more prominent.