Trillions Of Provident Fund Sleeping Banks Are Accused Of Wasting Too Many Barriers

< p > China's < a href= "http://www.91se91.com" > provident fund system < /a > like a besieged city.

In the city, hundreds of billions of provident funds are sleeping in banks, tens of millions of people outside the city enjoy no preferential treatment.

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< p > as a component of "micro stimulation", housing provident funds everywhere seem to be improving efficiency and expanding use.

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< p > "multi fund" is relaxing, which can not be said to have nothing to do with the macro economy.

Housing provident fund, in essence, bears the function of financial housing in policy housing. If the fund is too precipitated and the use efficiency is too low, it is a waste of resources.

From this perspective, the local government has the urge to accelerate the use of provident fund in the economic adjustment.

This is also consistent with Premier Li Keqiang's "revitalize the stock" policy.

Yin Zhongli, deputy director of the Financial Research Institute of the Financial Research Institute of the Chinese Academy of Social Sciences, said to the Shanghai Daily.

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Wang Juelin, former deputy director of the Ministry of housing policy research center, also told the Shanghai Daily that "housing provident fund" should be used as a subsidy to individuals for housing. P should be used as much as possible.

And local governments to revitalize the use of housing provident fund, can be part of the "micro stimulation".

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< p > < strong > decreasing threshold > /strong > /p >

This year, many local governments have relaxed the threshold for the extraction and use of housing provident fund (P).

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< p >, Beijing said that the extraction of provident fund will not need to purchase contracts and other materials, and rent extraction provident fund will also be extracted from once a year for 3 months to extract once, the extraction limit is the sum of 3 months for me and units to deposit provident fund.

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< p > Wuhan is planning to release the provident fund policy, and low-income workers can be regularly extracted. Guangxi intends to relax the conditions for the extraction, duration and frequency of the housing provident fund.

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< p > Shanghai will further relax the policy of extracting housing provident fund to pay rent and property fees, improve the extraction amount, and support the housing consumption of housing provident fund workers.

At the same time, we should simplify the procedures and processes of simplifying retirement and purchasing houses.

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< p > in addition, Changsha will continue to make appropriate adjustments to the housing accumulation fund extraction and utilization policy, further relax the low income workers' rent extraction policy, and study the procedures and procedures for simplifying the purchase, retirement and serious illness of the employees, and increase the policy support for the employees to purchase the first set of small and medium sized apartments and low price self occupied housing, so as to ensure the rigid housing demand.

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< p > in addition, Chengdu has proposed that the whole area of provident fund can be customized to relax the conditions. Harbin has even suggested that 25 serious diseases can be recommended for provident fund.

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< p > < strong > scale mystery > /strong > /p >

< p > at present, how much is the national provident fund? According to the most common view at present, as of the end of 2011, the scale of the national housing provident fund is huge and the balance of the deposit is as high as 2 trillion and 100 billion yuan.

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< p >, but the official source of the data was not found.

Moreover, the reporter noted that as the competent department of the Ministry of housing has not been released for 5 consecutive years.

At present, the official data can be traced back to the "housing provident fund management bulletin" issued by the Ministry of housing in 2008.

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< p > according to the circular, as of the end of 2008, the total amount of housing provident fund in China was 2 trillion and 69 billion 978 million yuan, an increase of 27.54% over the same period last year. The balance was 1 trillion and 211 billion 624 million yuan, with an additional balance of 251 billion 113 million yuan, an increase of 26.14%.

In 2008, the extraction amount of the national housing provident fund was 195 billion 834 million yuan, accounting for 43.82% of the total deposit in the same period, an increase of 14 billion 956 million yuan compared with that of the previous year, an increase of 8.27%.

By the end of 2008, the total amount of housing provident fund was 858 billion 354 million yuan, accounting for 41.47% of the total housing provident fund.

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< p > review the data before 2008 and rough estimate according to the above data. At present, the total amount of housing provident fund in China is more than 2 trillion yuan, and the deposit balance is at least 1 trillion.

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< p > "this means that the accumulation fund" revitalize the stock "space is quite huge.

It is very dynamic for both individuals and local governments. "

Yin Zhongli said.

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< p > < strong > low utilization rate < /strong > < /p >

< p > "from the overall situation of the whole country, the utilization rate of housing provident fund is low, and a large number of funds are left idle."

A southern urban provident fund management center told reporters.

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< p > Wang Juelin believes that especially the development of the central and western regions is relatively lagging behind, the housing provident fund loan business is relatively small, the funds collected from the collection can not be loans, and the problem of large deposits of funds in banks is very prominent.

A large amount of money has been precipitated without benefit, which is a waste of resources.

Because of this, "from the current relaxation of the use of provident fund cities, we can see that the revitalize the provident fund is not only the first tier cities, there are many two or three line areas."

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< p > reporter search data found that by the end of 2008, the utilization rate of housing provident fund was 72.81%, and the utilization ratio of housing provident fund (the ratio of personal loan balance to the balance of treasury bonds) was only 53.54%.

The large amount of idle funds and the lower use of funds means that the system of provident fund has not been effectively used.

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< p > "although housing < a href=" http://www.91se91.com/news/index_s.asp "> provident fund < /a > bears the function of policy housing financial services, but in regulation, the provident fund is" separate from each other ", which results in the lack of liquidity between regional funds, limiting the development of its financial functions, and only paying the support.

Yin Zhongli told the Shanghai Daily that, for individuals, the provident fund can be interpreted as a special reserve deposit, but the use of funds restricts the use of funds.

Therefore, as long as we can ensure the source of funds, we should simplify or even expand the use of provident fund as far as possible.

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< p > "it is for individuals, so it is OK to buy or rent a house, or even to save lives."

Wang Juelin said.

Although he thinks that the provident fund is applied to the "housing" aspect, he also agrees that the use of the fund can be broadened.

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< p >, however, Wang Juelin said that if the provident fund is not only for housing, it should be widened to other areas of life. "Then the name of" housing fund "should be changed, which can be directly referred to as" living allowance "or something else.

Wang Juelin said, this means that the whole housing provident fund system should be fundamentally "< a href=" http://www.91se91.com/news/index_s.asp "> reform < /a >".

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