CHINA'S LI signed a State Council order promulgating amendments to the Housing Provident Fund Management Regulations, effective Sept 20, 2026. Amendments strengthen risk controls: the Ministry of Housing and Urban‑Rural Development will define public

2026-08-18

CHINA'S LI signed a State Council order promulgating amendments to the Housing Provident Fund Management Regulations, effective Sept 20, 2026. Amendments strengthen risk controls: the Ministry of Housing and Urban‑Rural Development will define public credit information for the provident fund sector; provident fund management centers must build comprehensive, accurate credit records and integrate them into the national credit information sharing platform; the rules specify legal liabilities for fraudulent withdrawals or obtain provident funds loans using forged or fraudulent documents. The revisions expand coverage by clarifying that individual business owners, part‑time workers and other flexible‑employment workers may voluntarily contribute to the housing provider fund and, as prescribed, receive corresponding policy support.