News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
<CN Home>Wenzhou Optimizes Loan Limits & Down Payment Ratios for Housing Provident Fund Policies
Wenzhou has optimized and adjusted several business policies related to the housing provident fund. This adjustment covers various groups, including flexible employees, renters, ho...
Reset
Send
The window will close in 5 seconds
<CN Home>Wenzhou Optimizes Loan Limits & Down Payment Ratios for Housing Provident Fund Policies
Close
Recommend
22
Positive
45
Negative
14
 
SHORT SELL
 
STOCK INFO

Wenzhou has optimized and adjusted several business policies related to the housing provident fund. This adjustment covers various groups, including flexible employees, renters, home-buying families, and veterans, aiming to address multiple dimensions such as deposit recognition, withdrawal limits, loan limits, down payment ratios, and operational processes.

Specifically, the maximum loan limit has been increased from RMB1 million to RMB1.3 million for families where both spouses contribute to the housing provident fund, and from RMB650,000 to RMB800,000 for single-contributor families.

Related NewsG Sachs' Buy List for HK Stocks & CN ADRs Based on ERLI (Table)
At the same time, the financial threshold for home purchases has been lowered. For employees contributing to the housing provident fund purchasing a second home, the minimum down payment ratio for applying for a personal housing provident fund loan has been reduced from 30% to 20%. For those purchasing allocated affordable housing, the down payment ratio should not be less than 15%.

AAStocks Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.