The Guangzhou Housing Provident Fund Management Center issued a notice loosening
withdrawal rules for renters. Account holders and their spouses renting for
self-occupancy within Guangzhou may withdraw from their housing provident fund
account as follows: for leases with registered rental-contract filings, during
the lease term monthly withdrawals may equal actual monthly rent up to a cap of
8,000 yuan (households with two or more children: cap 10,000 yuan); for leases
without registered filings and where the household has no owner-occupied
residence in the city, monthly withdrawals are capped at 3,000 yuan per person
(households with two or more children: 4,000 yuan per person). Unused withdrawal
entitlement does not carry over to the following year. Tenants of municipal
public rental housing may withdraw during the lease term up to the monthly rent.
