Legal analysis: mutual recognition and loan of provident fund refers to mutual recognition of the number of months and amount of provident fund deposits between different cities. When applying for provident fund loans, you can apply for provident fund loans across cities that recognize and lend each other. This actually helps some users who pay the provident fund in different places but want to go back to other cities to apply for provident fund loans to buy a house. Cities that have not opened mutual recognition and loan of provident fund only recognize the month and balance of the city's provident fund deposit, and do not recognize the existence information of other cities' provident fund deposit.

Legal basis: Regulations on the Management of Housing Provident Fund

Thirteenth housing provident fund management center shall set up a housing provident fund account in the entrusted bank. The unit shall register the housing provident fund deposit with the housing provident fund management center, and go through the formalities for the establishment of housing provident fund accounts for the employees of the unit. Each employee can only have one housing provident fund account. The housing provident fund management center shall establish a detailed account of employee housing provident fund to record the deposit and withdrawal of employee individual housing provident fund.

Fourteenth newly established units shall, within 30 days from the date of establishment, go to the housing provident fund management center for registration of housing provident fund deposit, and within 20 days from the date of registration, go through the formalities for the establishment of housing provident fund accounts for their employees. Where a unit is merged, divided, revoked, dissolved or bankrupt, the original unit or liquidation organization shall, within 30 days from the date of the above-mentioned situation, go to the housing provident fund management center to handle the change or cancellation of registration, and handle the transfer or seal-up procedures for the employees of the unit within 20 days from the date of completing the change or cancellation of registration.