Sept 20 — Qingdao Municipal Housing Provident Fund announced one-time withdrawals from provident fund accounts may be used for home renovations for households owning self-occupied property in the city. Withdrawal amounts are calculated at a renovation unit price of 1,500 yuan per sq m, capped at 200,000 yuan per household; each household may withdraw against only one self-occupied property. Qualified families purchasing a second property will be treated as first-home buyers for fund purposes. Lo

Sept 20 — Qingdao Municipal Housing Provident Fund announced one-time withdrawals from provident fund accounts may be used for home renovations for households owning self-occupied property in the city. Withdrawal amounts are calculated at a renovation unit price of 1,500 yuan per sq m, capped at 200,000 yuan per household; each household may withdraw against only one self-occupied property. Qualified families purchasing a second property will be treated as first-home buyers for fund purposes. Loan quotas for new city residents and young borrowers will be calculated at 25 times their account balance.