Politics · China · 1 day ago
Several Chinese cities expand housing fund withdrawals
Several cities in China are widening the uses of housing provident funds, which workers can draw on under local rules.
In Nanjing, eligible households can withdraw funds for renovations and property fees; the renovation limit is 1,000 yuan per square metre, up to 150,000 yuan per household.
Property-fee withdrawals in Nanjing are capped at 5,000 yuan a year with an invoice and 1,000 yuan without one.
Suzhou, Nantong and Yancheng have set their own renovation limits, ranging from 150,000 to 300,000 yuan depending on the city and home.
Shenyang has announced nine policy changes, including allowing property fees and related costs such as heating and parking management to count toward a withdrawal of up to 10,000 yuan per household.
That property-fee measure and a renovation withdrawal for eligible buyers of unfinished homes are scheduled to begin on December 1, 2026.
From January 1, 2027, eligible Shenyang homebuyers and their spouses will also be able to make a one-time withdrawal toward a down payment within a year of buying.
Several Chinese cities have expanded the expenses that residents can pay for by withdrawing housing provident funds.
Nanjing and other Jiangsu cities allow withdrawals for home renovations, while Nanjing also permits withdrawals for property fees.
Shenyang announced nine policy changes, including allowing certain property-related fees and renovation costs to be covered.
Nanjing reported that 7,300 contributors had successfully applied under its new rules, for about 16 million yuan in withdrawals.
- Who
- Housing provident fund contributors and their families in several Chinese cities.
- What
- Cities have broadened withdrawal rules to cover expenses including renovations, property fees and, in Shenyang, heating and other building-related costs.
- When
- Nanjing’s policy took effect on September 20, 2026; Nanjing began handling applications on October 9. Some Shenyang policies are due to take effect on December 1, 2026.
- Where
- Nanjing, Suzhou, Nantong and Yancheng in Jiangsu province, and Shenyang in Liaoning province.
- Why
- To broaden the permitted uses of housing provident fund withdrawals and provide support for housing-related expenses.
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No direct quotes in the coverage so far.
Nanjing’s new renovation withdrawal policy took effect.
Nanjing began handling applications under its new policy.
Shenyang announced nine housing provident fund policy changes.
Shenyang’s property-fee and renovation withdrawal policies are scheduled to take effect.
- Nanjing renovation limit
- Up to 1,000 yuan per square metre and 150,000 yuan per household
- Nanjing property fees
- Annual maximum of 5,000 yuan with an invoice, or 1,000 yuan without one
- Nanjing applications
- 7,300 successful applicants; about 16 million yuan requested
- Nantong renovation limit
- Up to 2,000 yuan per square metre and 280,000 yuan per home
- Shenyang property fees
- Up to 10,000 yuan combined for a contributor and spouse
- Shenyang renovation limit
- Up to 2,000 yuan per square metre, capped at 200,000 yuan for a couple