Beijing, April 7 (Reporter Yan Hongxia) According to the economic voice "Tianxia Finance", as the domestic property market is getting hotter, the provident fund loans are also rising. Recently, Beijing, Suzhou, Nanjing and other places have published annual reports on housing provident fund. The report shows that provident fund loans in many places generally increased substantially last year. Among them, personal loans for housing provident fund in Beijing increased by 175% year-on-year, the utilization rate of Suzhou provident fund funds was close to 100%, and the proportion of personal loans in many places exceeded the warning line of 85%.
The provident fund in many places is overloaded, and the personal loan rate exceeds the warning line of 85%
Personal loan ratio of provident fund — — Personal loan ratio refers to the ratio of the balance of personal housing loans to the balance of provident fund deposits. Generally speaking, the personal loan ratio reaches 85%, which means that the lending funds exceed the collected funds, and the "water" in the "pool" of provident fund is decreasing. According to Zhang Dawei, chief analyst of Zhongyuan Real Estate, the housing accumulation fund is tight in some first-and second-tier cities, which is related to the active market transactions and the low threshold for the use of accumulation fund resources.
Zhang Dawei: "At present, most of the first-and second-tier cities publish provident fund data. From the perspective of transaction volume, the growth rate of these cities in 2015 is 20% to 30% higher than that in 2014, and the use of provident fund is naturally relatively large. In addition, in 2015, provident fund was frequently used as a policy tool, including the first and second sets of loans. The number of loans continued to decrease, and other cities also increased the loanable amount, which also made the provident fund tool overused."
Zhang Dawei reminded that the overloaded use of the provident fund account is likely to reduce the role of the provident fund as a loan tool.
Zhang Dawei: "If the withdrawal amount is too high, the inventory amount of the entire provident fund is relatively small, which will affect the subsequent buyers, especially many low-and middle-income people, to use the provident fund again."
In most cities, the provident fund is issued normally, and some cities try to "replenish" the water level.
Does the "warning water level" in the "pool" of provident fund affect the smooth lending of provident fund by property buyers? Yesterday, the Voice of Economics reporter visited a number of real estate agents in Beijing and learned that at present, provident fund loans are issued normally:
Intermediary: "You don’t need to wait in line to apply for a loan. The longest is two months."
Intermediary: "The loan does not affect now, as long as the deposit amount is enough."
Some cities have also taken some "replenishment" measures when the provident fund accounts are tight. For example, Nanjing has slowed down the approval of provident fund loans and extended the lending cycle. Guangzhou once proposed to subsidize commercial loans with 5 billion yuan to encourage those who meet the conditions of provident fund loans to apply for commercial loans, and adjust the interest rate from the government discount to the same level as provident fund loans. However, Han Shitong, a real estate expert, believes that Guangzhou’s approach does not have reference significance.
Han Shitong said: "First of all, there is a question of the ownership of provident fund profits. Now the relevant system regulations are not clearly defined. According to the Provisional Regulations on the National Provident Fund, it should belong to the depositor, so this part of the income should be supplemented to each provident fund account in the form of dividends, and it should not be used by the government provident fund management agency for commercial loan discount."
Expert advice: it can carry the function of housing bank and expand the source of provident fund funds.
Zhang Dawei said that the provident fund, as a mutual fund for employees, has a single source of funds, which is the main reason for the excessive use of the provident fund. To solve this problem, we can consider letting the provident fund bear the functions similar to housing banks.
Zhang Dawei: "Excluding some mortgage functions of commercial banks, in this case, the capital can be used as a bank (reserve appreciation) similar to the China Development Bank. After the quota is sufficient, it can play the role of a credit tool for adjusting real estate."