Shenzhen Housing and Construction Bureau says the Shenzhen Housing Provident
Fund Center has drafted a notice for public consultation to expand housing
provident fund use to support housing consumption. Under the draft, employee
households may withdraw from the fund to renovate one property they own in
Shenzhen, with a maximum withdrawal of 250,000 yuan. The draft also allows
withdrawals to pay property management fees for one owned Shenzhen property,
capped at 550 yuan per month.