Zhengzhou Housing Provident Fund Management Center and the city’s Housing
Security and Real Estate Administration said they will allow advance withdrawal
of housing provident fund (HPF) to pay for purchases of existing homes in
Zhengzhou’s eight urban districts. Eligible Zhengzhou HPF contributors buying
stock homes may, after filing the Zhengzhou existing‑home sale contract and if
they meet HPF withdrawal conditions, withdraw the buyer’s, spouse’s and
co‑owners’ HPF funds to pay the purchase price; withdrawn funds must be
transferred into the supervised account specified in the Zhengzhou existing‑home
transaction settlement supervision agreement.
