On Aug. 20 six Shanghai municipal departments jointly issued a notice, effective Aug. 21, 2026, loosening rules on housing provident fund withdrawals for home purchases. Eligible depositors who have purchased housing in the city and either do not have a housing provident fund personal mortgage in the city or have not used the fund to offset mortgage repayments may withdraw for home-purchase purposes once per calendar year (previously once within five years from property-right certificate issuanc

On Aug. 20 six Shanghai municipal departments jointly issued a notice, effective Aug. 21, 2026, loosening rules on housing provident fund withdrawals for home purchases. Eligible depositors who have purchased housing in the city and either do not have a housing provident fund personal mortgage in the city or have not used the fund to offset mortgage repayments may withdraw for home-purchase purposes once per calendar year (previously once within five years from property-right certificate issuance); the withdrawal amount is limited to no more than the portion of the purchase price paid with the depositor’s own funds.