China's current housing provident fund and its use:

State organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises and institutions, private non enterprise units, social groups and their workers paid into the long-term housing savings. Is a unified storage, the use of special long-term housing funds, composed of two employees and their units outstanding, all belong to the individual.

Provident fund balance of storage is mainly used for the down payment loan buy a house payment, in addition, the purchase of second-hand housing workers also can extract housing provident fund.

To the national development and Reform Commission proposal: the abolition of housing provident fund single purpose, countries adopt new policies, to encourage residents to purchase domestic housing provident fund

I hope that in addition to the purchase of commercial housing, the second-hand housing can use provident fund loans, the purchase of domestic new car also can use provident fund loans.

Because, the use of provident fund loans to buy cars and use commercial loans are compared, the advantages of more:

First, a higher proportion of provident fund loans. The general provident fund housing loan can reach more than the valuation of 90%; the maximum loan amount and commercial loans to buy a car for car purchase price 80%, second-hand car loan amount may not exceed 50% of the price of the car.

Secondly, the provident fund loans longer life. I think the housing provident fund loans for the purchase of the car the longest period of the loan for 10 years.

The current terms of auto loans (including the extension) shall not exceed 5 years, the second-hand car loans, loan period (including the extension) shall not exceed 3 years, the dealer auto loan period not exceeding 1 years.

Third, provident fund loans with lower interest rates, interest rates than commercial loans provident fund loans is the biggest advantage of low.

Consistent with the use of housing provident fund loans to purchase a car people, must meet the following conditions:

1, to buy a set of housing residents (family), by the housing land certificates and real estate certificates, can apply for loans to purchase a car;

2, according to the chairman of the meeting in March 22, 2004 the people's Bank of China fifth governor's conference and the August 9, 2004 Chinese Banking Regulatory Commission considered the "auto loan management approach" to implement;

3, reference"Regulations" housing provident fund management executive.

You can set some limits, for example: must be made cars, car prices in 200000 yuan the following, reductions in the 1.6 or 2 belowNot allowed to buy imported vehicle, etc..

Expect.

1, the rapid domestic car market, increase state revenue;

2, to play a leading role in automobile consumption on economic, rapid driven steel, road construction and other industry heating, obviously will pull effect of upstream and downstream industries and employment, to achieve economic growth target would be of great significance;

3, engaged in auto sales, repair, parking, direct service industries, it can realize the long-term interests of the expansion of automobile consumption;

4, many are now idle individual housing provident fund (do not intend to purchase), new uses have been found for consumption;

5, as more and more large and medium-sized enterprises, the company for the housing accumulation fund for their staff is increasing, more and more predictable, purchase a car will use housing provident fund loans to buy a car, to raise the standard of living.