The Ministry of Housing and Urban-Rural Development said it has guided local implementation and jurisdictions have issued implementing rules. One month after the ordinance took effect, as of Oct. 20, 13.7 bln yuan had been withdrawn for home renovations and 2.8 bln yuan for property-fee payments. The ministry said the changes are releasing housing provident fund benefits, meeting demand and supporting housing consumption.

2026-11-04

The Ministry of Housing and Urban-Rural Development said it has guided local implementation and jurisdictions have issued implementing rules. One month after the ordinance took effect, as of Oct. 20, 13.7 bln yuan had been withdrawn for home renovations and 2.8 bln yuan for property-fee payments. The ministry said the changes are releasing housing provident fund benefits, meeting demand and supporting housing consumption.