Guangzhou Housing Provident Fund Management Center issued a notice optimizing
Withdrawal rules. Account holders may withdraw balances to pay property
management fees for owner-occupied housing within Guangzhou; the annual cap is
calculated as housing area × 3 yuan/sq m × 12. Each account holder may apply for
a property-fee withdrawal once per calendar year; unused entitlement does not
roll over. Account holders who have already made other withdrawals may, if
eligible, apply for property-fee withdrawal concurrently. Withdrawals from the
provident fund for rent has been adjusted to a monthly frequency.
