Support for using housing provident fund to pay for down payment in over 30 cities.

Recently, Beijing issued the "Beijing Municipal Special Action Plan for Deepening Reforms and Boosting Consumption," which proposes to further leverage the role of housing provident fund in promoting consumption, supporting depositors to apply for personal housing provident fund loans while withdrawing funds from their housing provident fund to pay for down payment on a house. This measure is considered an important direction for optimizing the current stage of housing provident fund policies. According to institutional statistics, more than 30 cities, including Guangzhou, Shenzhen, Hangzhou, and Xi'an, are following suit to support the withdrawal of housing provident fund for down payments, effectively reducing the threshold for homebuyers, alleviating their housing pressure, and better fulfilling the function of housing security.