Over 60 Cities Nationwide Have Adjusted and Optimized Policies, Expanding Quotas and Scenarios
Since the beginning of this year, housing provident fund policies have seen intensive adjustments. A review shows that over 60 cities nationwide have optimized their provident fund policies, focusing on loan amounts, down payment ratios, withdrawal scopes, cross-regional mutual recognition, coverage groups, and service innovations to further unlock housing consumption potential and safeguard public welfare.
The 2026 Government Work Report explicitly calls for “deepening the reform of the housing provident fund system.” Experts indicate that local adjustments and optimizations of provident fund policies demonstrate a transformation from a mere “home purchase financing tool” into a comprehensive housing security and livelihood support platform covering residents’ full housing lifecycle—purchase, rental, renovation, and maintenance.
— Increasing loan quotas is the most direct and robust measure in this round of policy adjustments. Starting June 1, Suzhou raised the maximum individual provident fund loan from 1.2 million yuan to 1.5 million yuan, and the maximum family loan from 1.5 million yuan to 2 million yuan. Jilin City further increased loan quotas for purchasing “quality homes” or green-rated residences of one-star or above. Chengdu raised the maximum loan for single and dual contributors to 800,000 yuan and 1.2 million yuan, respectively. Cities like Suqian and Nanchang indirectly boosted loan amounts by increasing account balance multiples.
— Lowering down payment ratios also directly eases the burden on homebuyers. Inner Mongolia introduced measures requiring a minimum down payment of 20% for provident fund loans to purchase commercial housing. For second-hand homes, Zhongshan adjusted down payment ratios based on property age. Starting January 1, 2026, Zhenjiang reduced the down payment for second provident fund loan applications from 30% to 20%.
— Expanding coverage groups benefits flexible employment workers and families with multiple children. Cities like Yichang, Jinan, and Liuzhou have fully opened provident fund contributions for flexible employment individuals. As of now, over 940,000 flexible workers in the Sichuan-Chongqing region have opened accounts, with contributions exceeding 4.2 billion yuan. Cross-regional mutual recognition and lending have also broadened. Guangzhou’s Housing Provident Fund Management Center successfully processed its first cross-border renminbi settlement for a provident fund withdrawal.
— Expanding withdrawal scenarios to more livelihood areas supports diverse housing consumption needs. Withdrawal scenarios are extending from traditional “home purchase and loan repayment” to covering down payments, rent, property management fees, renovation costs, urban renewal, and other livelihood areas. Cities like Xiamen and Yuncheng support withdrawals for down payments. Zibo expanded conditions and scope for down payment withdrawals. Yangzhou comprehensively extended the scope of housing consumption withdrawals to support improved living quality and a full housing lifecycle. In property fee withdrawals, Hefei supports withdrawals up to 4,200 yuan annually. Shenyang, Yichun, Suqian, and Nanchang have also joined this initiative.
Many cities nationwide include home aging-friendly and child-friendly renovations, as well as housing decoration, within withdrawal scopes. Chengdu supports withdrawals for urban renewal. Shenyang supports withdrawals for housing renovation projects like demolition and reconstruction. Suining allows contributors and their spouses who complete “old-for-new” renovations of dilapidated housing to withdraw provident funds for personal expenses. Xuzhou eases withdrawals for property and heating fees and supports withdrawals for special maintenance funds. Xiamen permits residents to withdraw provident funds for home decoration at a standard of 1,800 yuan per square meter.
Chen Jie, director of the Housing and Urban-Rural Construction Research Center at Shanghai Jiao Tong University, says cities are accelerating explorations into using provident funds for property fees, housing renovations, and elevator installations. Provident fund reform can closely integrate with urban renewal and old housing renovation, especially by increasing support for residents’ self-initiated renewal of demolition-and-reconstruction old housing.
Wu Jing, director of the Real Estate Research Center at Tsinghua University, believes the coverage of the housing provident fund system will further expand, service convenience will continue to improve, and the system’s foundational role in promoting housing consumption and safeguarding public welfare will become more prominent.