All business operations of housing provident fund are generally stable and the fund is generally safe

Recently, the Ministry of Housing and Urban Rural Development, the Ministry of Finance and the People's Bank of China jointly released the 2018 Annual Report of the National Housing Provident Fund, which comprehensively disclosed the management and operation of the national housing provident fund in 2018, social and economic benefits and important matters. According to the Report, all businesses of the housing provident fund are running smoothly on the whole, the funds are generally safe, and housing security is guaranteed through multiple channels. In 2018, 1171.833 billion yuan was withdrawn from housing consumption, accounting for 79.50% of the amount withdrawn in the year of 1474.05 billion yuan. 2525800 individual housing loans of housing provident fund were issued, 1021.853 billion yuan, saving 201.998 billion yuan of interest expenses for loan employees.

All businesses of housing provident fund operated smoothly on the whole. At the end of 2018, the total amount of housing provident fund deposits was 14589.977 billion yuan, the total amount of withdrawals was 8796.489 billion yuan, and the deposit balance after deducting the total amount of withdrawals was 5793.488 billion yuan; The total amount of individual housing loans granted was 8582.132 billion yuan, the balance of individual housing loans was 4984.578 billion yuan, the balance of loans for pilot projects of affordable housing construction was 4.611 billion yuan, and the balance of national debt was 1.971 billion yuan; The balance after deducting the balance of individual housing loans, the balance of loans for affordable housing construction pilot projects and the balance of national debt from the deposit balance is 802.328 billion yuan.

The housing provident fund is generally safe. By the end of 2018, the balance of risk reserves for individual housing loans was 192.59 billion yuan, accounting for 3.86% of the balance of individual housing loans, 112.82 times the amount of overdue loans, which can fully cover the risk of individual housing loans. There is no overdue loan for the pilot project of housing provident fund supporting affordable housing construction. The balance of loan risk reserve for the pilot project is 1.239 billion yuan, accounting for 26.86% of the loan balance of the pilot project. Since January 2018, RMB 118 million of historical risk assets of housing provident fund have been collected, and all historical risk assets have been recovered.

The management and operation of housing provident fund presents a series of positive new features:

Housing provident fund guarantees housing through multiple channels. On the one hand, housing provident fund strongly supports rental housing consumption. The withdrawal of housing lease was 73.04 billion yuan, with a year-on-year increase of 64.22%. The number of people who withdrew housing lease was 7.6644 million, with a per capita withdrawal amount of 95 thousand yuan. The withdrawal of housing lease grew fastest among all kinds of withdrawals. The housing provident fund further strengthened its efforts to help employees solve housing problems through leasing; On the other hand, housing provident fund loans focus on meeting basic housing needs. Among the individual housing loans issued in the year, the middle and low-income groups accounted for 95.73%, the first housing loan accounted for 85.91%, and the ordinary housing under 144 (including) square meters accounted for 89.45%. The housing provident fund loan focused on supporting middle and low-income employees to purchase the first ordinary housing.

Non public economy employees have become the main contributors. In 2018, there were 2.9159 million paid in units and 144.3641 million paid in employees of the housing provident fund, up 11.15% and 5.09% respectively from the previous year. There were 292600 paid in units and 6.9919 million paid in employees of the national housing provident fund. The number of paid in units and paid in employees of the housing provident fund continued to grow steadily. The annual deposit of housing provident fund was 2105.465 billion yuan, an increase of 12.43% over the previous year. The annual deposit of housing provident fund continued to grow at a high speed. Among the new account opening employees, the proportion of urban private enterprises and other urban enterprises, foreign-invested enterprises, private non enterprise units and other types of units reached 72.92%, an increase of 1.55 percentage points over the previous year. The effect of deposit expansion of non-public economic units was significant. There are 11.1392 million new citizens such as agricultural transfer population and newly employed college students, accounting for 55.97% of new account opening employees. Housing provident fund has become an important channel for new citizens to solve housing problems. Among the deposited employees, there were 12400 compatriots from Hong Kong, Macao and Taiwan, an increase of 79.71% over the previous year, which effectively promoted Hong Kong, Macao and Taiwan compatriots working in the mainland (mainland) to live and work in peace and contentment.

key word: Housing Provident Fund