The State Council executive meeting approved a draft decision to amend the
Housing Provident Fund Management Regulations, directing wider withdrawal and
use rules, expanded coverage and improved fund management and services to better
meet diverse resident housing needs. Tsinghua University Real Estate Research
Center director Wu Jing said the adjustments respond to shifts in household
housing consumption and the property market, will lower contributors’ housing
costs, help release both improvement and rigid demand, and aid in stabilizing
market expectations.
