Innovating and optimizing housing provident fund policies in multiple areas.

Recently, many places have optimized and adjusted housing provident fund policies to better support the release of rigid and improvement housing demand, and to alleviate the financial pressure on residents for home purchases and repayments. Li Yu Jia, the chief researcher of Guangdong Province Housing Policy Research Center, said that overall, various regions are fully utilizing the role of housing provident funds to reduce the cost and threshold of housing consumption for new urban residents and young people. In particular, for some depositing workers who face great pressure on monthly mortgage payments, the housing provident fund center and commercial banks are collaborating to promptly initiate business such as "commercial to public" and "commercial to combination loan", which can reduce the burden of mortgage payments for depositing workers, thereby reducing the impact of mortgage payments on other daily living expenses.