For friends who plan to buy a house in Beijing, it is impossible to come up with the entire amount at once, so basically all home buyers will choose to buy a house with a provident fund loan. , with a larger discount and popular with many home buyers. So, is the Beijing Provident Fund Management Center owned by the city or managed by the state? What are the new policies for Provident Fund in 2019?

For those who plan to buy a house in Beijing, it is impossible to come up with the entire amount at once, so basically all home buyers will choose to buy a house with a provident fund loan. , with a larger discount and popular with many home buyers. So, is the Beijing Provident Fund Management Center owned by the city or managed by the state? What are the new policies for Provident Fund in 2019? Let’s talk about it below.

Is the Beijing Provident Fund Management Center municipally owned or managed by the state?

The Beijing Provident Fund Center and the State-run Provident Fund Center are both subordinate units of the Beijing Provident Fund Commission. There are three main differences between the state-managed provident fund and the municipally-managed provident fund. The first is that the management units are different. The second difference is reflected in housing provident fund purchases. Loan terms vary widely. The third difference, the main difference between the two is whether the provident fund can be used across regions. State-managed provident funds can be used across regions. For example, the Ministry of Railways is under the direct management of the Ministry of Railways. The provident funds of workers in their units can be used across regions. Provident funds managed by the city can only be enjoyed at the place where the provident fund is paid.

What are the new policies for Provident Fund in 2019?

1. It becomes more difficult to withdraw housing provident funds for home purchases in other places: In order to prevent housing provident funds from being withdrawn for real estate speculation, recently, Guangdong, Inner Mongolia, Guangxi and other provinces and some prefecture-level cities have successively adjusted their provident fund withdrawal policies and tightened Operations such as withdrawing provident funds for house purchases in other places and divorces, but many places have also emphasized that they support withdrawing provident funds for the purchase of a first home or a second improved home.

2. In addition, due to the general rise in housing prices, the upper limit of provident fund loans in many places has been significantly low, making it difficult to meet the financial needs of home buyers. Experts suggest that local provident fund loan limits should be increased.

3. As early as May this year, four ministries and commissions including the Ministry of Housing and Urban-Rural Development issued a notice on the work to combat illegal withdrawals of housing provident funds, saying that some institutions and individuals used forged certification materials and fictitious housing consumption behaviors. Illegal withdrawals of housing provident funds have even formed a "black industry chain" for fraudulent withdrawals of housing provident funds, disrupting the management order of housing provident funds and calling for standardization and improvement of provident fund withdrawal policies in many aspects.

4. Regarding the purchase of a house in another place, especially the purchase of a house in a place other than the place of household registration and deposit, or the purchase of a house by a non-spouse or non-immediate relative at the same time, Guangdong Province stipulates that each locality can take into account its own actual situation. Under certain circumstances, the implementation of this type of withdrawal policy will be phased out; where this type of withdrawal policy continues to be implemented, the qualifications for applying to withdraw housing provident funds must be strictly reviewed.

The above is all the information I have compiled for you about whether the Beijing Provident Fund Management Center is municipally owned or state-run and what are the new policies for the provident fund in 2019. I hope it can help you. Before withdrawing the provident fund, we all , or before applying for a provident fund loan to buy a house, first understand the policies of the provident fund.