Refuting the "fallacy of housing provident fund for the automobile consumption loans"

Text / Gao Yuangang (housing provident fund idiot) 

    According to the November 29th "Oriental Morning Post" reported that, in the face of no better car city, national passenger car Information Association (hereinafter referred to as: by the Federation) three degrees to relax loan conditions, suggest that the state of automobile, implementation and real estate consumer credit interest rates similar to the policy, transformation and gradually promote housing provident fund to the housing and automobile consumption fund.

   This is called "the automobile industry to cultivate that as the forerunner industry recovery advice", in December 17, 2008 the State Council issued a "about" and puts forward some measures to promote the healthy development of the real estate market: part of the conditional place to start the pilot, housing provident fund will be part of the local idle for affordable housing construction. For as high as 400000000000 yuan of idle housing provident fund, by the Federation believes that if parts for automobile consumption, will make the car market has a greater increment. By the Federation, housing provident fund will be changed to the housing and automobile provident fund, to grant the preferences of individual housing and automobile consumption credit.

   A mistake, mislead the people

   One stone arouses 1000 billow, a message, each big website reprinted in succession, but also aroused the attention and hot debate, some large financial website has also opened a column on. Due to hold a considerable part of the ordinary people is not very understanding of housing provident fund policy weakness, by the Federation by the country's economic crisis in the world on expanding consumer policy background, for their own interests, the opportunity at the wrong time, issued the wrong point of view, put forward a wrong policy advice to the decision-making layer, thereby misled people. NetEase financial launched "by the Federation of 3 degrees:: housing provident fund to the housing and automobile provident fund", "do you agree on the provident fund to do other purposes?" In the investigation, there are nearly 7 netizens agree to the provident fund to do other purposes, for automobile consumption loans:

SupportExpand the scope of use and

Netizen "bloom early" in favor of "housing and cars are really should put the fund together". He said: "I think in the provident fund to buy a car is very reasonable, the housing can not afford to buy, buy a car." Netizen "not to be worth a hair" to their account: "now I and girlfriend monthly provident fund deduction one thousand yuan, double is two thousand yuan. And my house loans each month to 1330 yuan, I can take the rest of the money to buy a car, or I'll just to my retirement. I would choose to buy a car!"

The price is too expensive, plus rental communities also many, so many users think use provident fund expansion, is also conducive to people. Netizen "wind chimes sound" said: "the provident fund can buy more than a free choice. It is good news for unnecessary buy a house and want to buy, also has the absolute advantage to stimulate the economy. So this is a good thing."

Netizen "Evan" that buy a car is a wise choice: "housing provident fund to retire to can take out, when people are old and what is the use? Don't go to the coffin? But if you can take car, at least while young can also enjoy, can improve the quality of life. The car is moving house, made his bed in the car, very cost-effective."

Opposed to just as an interest group

There are many net friend not to regard it as right. Netizen "start again" said: "the housing provident fund is a security nature of the fund, in order to guarantee the people's basic living needs, but at least now or luxury vehicles, rather than life necessities, such formulation is ridiculous. The car could not expect to enjoy provident fund loan interest rates low. The current housing provident fund for housing and car provident fund be inopportune or inappropriate is not in conformity with the national conditions." The netizen doubt "by the Federation" just for some interest group bang the drum for sb.

Netizen "winter eat ice lolly" is that such claims "the consequences will be grievous", "is in make fun of with the future of the nation, and make fun of people's hard-earned money. How Chinese 1300000000 people have cars, road where? Have a way of farmland where? People how to live without land? And now the air pollution is serious, the rising, ice melting, everyone knows what the consequences would be, also want to such a bad idea, is really going to break the offspring survival Road?"

   Netizen "I am five hair party" quipped: "is really a disease. Than to call: housing and marriage and birth and burial and auto provident fund! It's better to stimulate domestic demand. Of course, also can increase the provident fund, provident fund, pork oil stock fund......

   Two, 400000000000 yuan provident fund housing idle can be used for car loans?

   By the association secretary-general Rao said in the interpretation of the policy: "a lot of real estate and repaid loans average or above average income groups in the housing provident fund to pay, it is the cause of up to 400000000000 yuan of housing provident fund idle. These funds are extrusion of normal consumption, the need for effective inventory. Facing the trend of consumption demand and economic decline in specific environment to stimulate consumption environment, if the future to the housing provident fund part of idle for automobile consumption loans, which can make the city residents' living standard rises faster." this is by the Federation did not wrong understanding of China's policies on housing provident fund housing provident fund and the current status of. China's housing provident fund is mainly used for the settlement of low-income families to solve difficult problems, realize the Party Central Committee and the State Council put forward the "housing" housing social security goal. However, at present China's low-income also accounted for 80% of the total population, they have different degrees of "real hard", they need this 400000000000 yuan to help solve the housing problems. At the same time, the central also recently decided to spend 900000000000 yuan for the construction of affordable housing, both in the understanding expressed to the attention of low-income housing, open up important funding sources. The central never hit the capital note, but rather by the Association for their own industry's interests to the greedy eyes to the 400000000000 housing provident fund. Don't know by the Federation has thought, if once we allow for a car loan of housing accumulation fund, and what have we to ensure that hundreds of millions of people's homes. Only focus on housing provident fund on solving the housing problems of low-income persons, to seize the "key", in order to truly embody the essence of people-oriented housing system.

   Three, housing provident fund for the fallacy of automobile consumption loans

   (a) the housing accumulation fund for car loans against the implementation of the system of national purpose

   The State Council "housing provident fund regulations" the first rule "in order to strengthen the management of housing provident fund, housing provident fund to safeguard the legitimate rights and interests of owners, promoting the construction of urban housing, improve the living standard of urban residents, the enactment of this ordinance."

   Thus, one of the countries in the implementation of housing accumulation fund system for the purpose of decision, is to promote the construction of urban housing, improve the living standard of urban residents. The implementation of the housing system reform is to solve the housing problems of workers, the poor households living and residential households to improve their living conditions, to live and work in peace. To achieve this goal, to rely solely on national investment and financing housing construction enterprise, already could not meet the need, must strive to open up, seeking new funding channels of financing, to expand the scale of housing construction investment, increase the amount of housing construction, thus solving employee housing difficulties. Provident fund implementation is to solve the contradiction, to adapt to the objective need of. Because, a lot of the provident fund regulated in addition to meet the staff and receive due to buy a house, housing and retirement, the departure of the needs, the rest can be loans to related parties, support them to engage in housing construction, expansion of housing construction scale. To do so, resolving the housing difficulties to speed up the pace, the masses gained, will further support the housing reform, housing reform deepening and the smooth progress of.

    (two) the housing accumulation fund for car loans in violation of the specificity principle

   Housing provident fund is dedicated to individual workers housing construction funds, "from the people, for the people", "dedicated". "Regulations" housing provident fund management fifth clearly stipulates: "employee housing provident fund should be used for employees to purchase, construction, overhaul, overhaul occupied housing, any unit or individual shall not be diverted." Employee housing provident fund can only focus on solving the housing problem, used in three aspects: one is to provide housing provident fund loans to employees, for employees to purchase, construction, overhaul, overhaul occupied housing funding sources; two is to provide additional funds for the construction of city low-cost housing to solve the housing problem, the construction of city; three by the Housing Commission approved, can be part of a housing provident fund to buy bonds, value-added for the provident fund assets. In addition, the provident fund can not be used as he. Netizen: Xiao Hua said "live" is the basic needs of the people, the automobile consumption in China also belong to the high consumption. When we put the housing provident fund for the car loan, so the money and what place can not be used? If you are really into this, housing provident fund and how much for workers purchase, construction, rehabilitation, overhaul occupied housing? "So in the face of 400000000000 yuan of idle housing provident fund, a social conscience of the people, should think about how to make 400000000000 yuan of idle housing provident fund better for workers purchase, construction, rehabilitation, overhaul occupied housing, and not expect to spend on other aspects. But by the Federation but act in a diametrically opposite way, again and suggestion of housing provident fund for the car loan. In so doing, of course it's not that they don't know this truth, but they think of automobile. For their own interests, regardless of people "live". This by the Federation had lacked the most basic social morality and social conscience."

   (three) the housing accumulation fund for car loans violated the legitimate rights and interests of workers

   The "Regulations" stipulates that the second "the management of housing provident fund housing provident fund, refers to 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 organizations (hereinafter referred to as the unit) and workers paid into the long-term housing savings." From this concept can be seen, housing provident fund and staff workers paid units of housing provident fund subscribers, belonging to the workers individual housing fund, to all individual workers. Housing provident fund for the orientation the basic needs of shelter workers and workers housing construction financing. Retired workers the principal balance of a pay claim, returned to the employee. Housing provident fund is composed of two parts, one is the individual employees monthly deductions from wages paid in accordance with the provisions of part, this part of the wages of workers, workers of all individuals; two is the monthly in accordance with the regulations for workers paid by the individual part, this part is the distribution of housing benefits in kind transfer to pay monetary allocation part, as the wages of workers, also belong to the workers of all individuals.

   (four) housing provident fund for the car loan destroyed the building housing security system

   Housing provident fund paid by the employee or worker unit housing fund, all belong to the individual workers, workers individual housing fund, there are security, mutual aid, such as long-term properties:

    The so-called security, housing provident fund system is actually a housing security system, the main purpose of the establishment of housing provident fund is through the town of all organs and institutions and workers paid a number of monthly housing provident fund, established to solve the housing problems of workers housing construction funds, so that each employee can live on themselves with housing. Housing is the most basic means of livelihood of every worker, is the most basic conditions for workers to study and work, the only home to music industry. Since China is the implementation of the housing distribution policy, both organs or enterprises and institutions are the first housing unit, and then assigned to individual workers, workers housing completely dependent on the unit, not including the wages of workers in the housing fund. However, as China's market economic system gradually established and perfected, workers individual housing will implement monetary allocation, especially since the 1998 National no longer to the distribution of welfare housing, housing allocation monetization be imperative. The workers to solve the housing problem must accumulate and raise a lot of money. How to raise the funds, for personal and family, is one of the prominent problems. The establishment of housing provident fund system can alleviate this contradiction to a certain extent. Because, on the one hand, through the establishment of housing provident fund system, can effectively aggregate housing construction funds, accelerate the construction of housing, improve the housing supply, meet the needs of workers on the housing; on the other hand, through the establishment of housing provident fund system, can provide to individual workers housing provident fund loans, solve workers purchase, construction funds shortage the housing savings behavior, employee long-term transformation for short-term housing, to solve the housing problems of employees. Therefore, the establishment of employee housing provident fund system, has provided the safeguard for the workers quickly, solve the housing problem.

    The so-called mutual. Because the housing allocation system transformation and the working hours of workers and staff, family conditions and individual differences in income, the individual workers to buy housing different abilities, in construction. Some workers already living on the ideal house, the family income is relatively high, and some workers did not live in the house, the family income is lower. This imbalance, the objective requirements of a housing workers and higher income workers to carry forward the spirit of mutual help, help, without the housing workers and low-income workers to solve the housing problem, a concrete manifestation of this is the inherent requirement of the socialist system and socialist morality. Build system of housing accumulation fund can effectively establish and formation mechanisms and channels have room for the workers to help workers without housing. This kind of cooperation is mainly reflected in the following aspects: (1) whether the housing staff or workers without housing, must pay personal housing accumulation fund in accordance with the relevant provisions of the state, and the housing accumulation fund key to solve the housing problem for the non housing workers, to solve the financial difficulties workers without housing, existing housing workers pay provident fund in the capital provides help for workers without housing, embodies the mutual employee housing provident fund. (2) employee housing provident fund from the benefits and costs, are relatively low, has the obligation and support. In the operation of housing provident fund, both savings and loans, the interest rates are lower than the same period in the commercial bank deposit and loan interest rates, a policy of savings and loan policy, this is the housing accumulation fund mutual reflect the fundamental. Without this foundation, it will be impossible to reflect the mutual fund. (3) with workers living standards and income levels increase, workers will put forward new and higher requirements for their housing conditions, even now the tenant, the future may need to re build, buy, overhaul housing, may encounter difficulties of lack of funds, in this case, they can get a loan from the housing accumulation fund. This means that it will help others, we will be able to get help from others.

    The so-called long-term. Housing provident fund is a long-term housing savings. According to the provisions of the new "housing provident fund regulations", every urban workers from working to retirement or the date of termination of labor relations in this period of time, must pay personal housing accumulation fund. Housing is a durable, high value of life, it's time for 50-70 years, the market value from several yuan to several thousand dollars. The great value of commodity, requires each employee in a very short time to raise up is very difficult. The solution lies in the accumulation, Many a little make a mickle. through workers' low level and can withstand the long-term housing savings, zero into a whole, forming the ability to buy. Build system of housing accumulation fund is to achieve this purpose. On the one hand, individual workers to pay the provident fund account for the wage ratio is not high, the general control in 5%-10%, in the range of workers can afford; on the other hand, through long-term workers to pay on time every month, that after a certain age, the amount of capital accumulated considerable. For example, an employee monthly pay 50 yuan provident fund, the unit subsidy corresponding financial, one year storage 1200 yuan, according to 35 years of service computing, storage of the principal is 42000 yuan, plus interest income, then a larger. Therefore, through the establishment of housing provident fund system, every employee in the official with the ability to work, work time, have to pay a certain amount of housing provident fund, can better solve the contradiction between accumulation and consumption of workers exists in the housing area, long-term accumulation and savings by the employee housing provident fund, to solve the housing fund the difficulty.

    On the four, the

    (a) must strengthen the housing provident fund policy advocacy

   It is our policy of housing accumulation fund publicity is not in place, for those who want to seize the opportunity to profit group with drilling opportunities. When we put the housing provident fund for the car loan, so the money and what place can not be used? If you are really into this, housing provident fund and how much for workers purchase, construction, rehabilitation, overhaul occupied housing? Housing provident fund will become a few years some local social security fund, the diversion of the existence of a large number of "empty account", this has worrying.

    (two) must improve the service consciousness, changing the way we work

    Because of the provident fund loans enthusiasm, cumbersome procedures, long process cycle, can't cross regional transfer and other reasons, some people want to use housing provident fund to buy a house but can not get. So we must simplify procedures, improve the efficiency of work, all for the people and other aspects, to do the service for the people.

    (three) must have the basic social morality and social conscience

    I very much agree with Xiao Hua's point of view: in the face of 400000000000 yuan of idle housing provident fund, a social conscience of the people, should think about how to make 400000000000 yuan of idle housing provident fund better for workers purchase, construction, rehabilitation, overhaul occupied housing, and not expect to spend on other aspects. But by the Federation but act in a diametrically opposite way, again and suggestion of housing provident fund for the car loan. In so doing, of course it's not that they don't know this truth, but they think of automobile. For their own interests, regardless of people "live". This by the Federation had lacked the most basic social morality and social conscience.

     (four) to revise and improve the "Regulations on management of housing provident fund as soon as possible."

    One is in the legislation: should rise by "Regulations" to "the management of housing provident fund housing provident fund management approach", rise from the provisions of the law level, which can not do have to do.

   Two is the system: the abolition of current management system, established by the direct management of the central vertical is not affected by the local government or public fund management institutions in accordance with the modern enterprise system management.

    The three is in the mechanism: the housing provident fund management institutions, to establish the salary distribution system of housing provident fund management institutions. In order to establish, and the development of the cause of housing provident fund earning distribution reduction performance incentive mechanism, to meet the needs of enterprise management system with the number of posts, the post salary, fixed effect to performance, fully mobilize staff enthusiasm, initiative and creativity, promote housing provident fund industry healthy and rapid development.

     The four is on the specific measures:

    1, in the housing provident fund "Regulations" or "law" in the relevant provisions of the increase to cheat the partial credit punishment.

    2, in the housing provident fund "Regulations" or "law" in the relevant provisions of the "control of high and low" to make specific provisions. To make provisions from the institutional design and policy arrangements, the system from the "block", "make it rigidly uniform policy", the highest limit, must not exceed the limit, the abolition of the "more than the statutory ratio of the highest paid and the base to pay taxes according to law", to avoid public default gray provident fund reasonable suspicion.

    Improve extraction loan accountability system established in 3, housing provident fund "Regulations" or "law" in the relevant provisions of the service object, established a system of extracting loan commitment to integrity, each do a loans must be good faith commitment to the book signing, so as to effectively prevent cheat Piandai behavior.

   4, proposed the establishment on the relevant provisions in the housing provident fund regulations "" or "" in the law (including housing provident fund) escaping crime and build on the (including housing provident fund) fund, in order to increase the malicious wage escaping punishment, especially in the housing provident fund, is the doubly guilty.

    5, suggestions relevant provisions in the housing provident fund regulations "" or "" method of payment of housing provident fund loans to borrowers on the legal relations between the stop after the specified.

    6, recommendations for changes in the housing provident fund "Regulations" or "law", "housing provident fund loan risk reserve": housing provident fund risk reserve. Remove the "loan" two words

    7, in the housing provident fund regulations "proposal" or "method", housing provident fund value-added benefits for low rent housing modifications.

    Five, the conclusion

    Use Xiao Hua's view: housing provident fund can not be used for a car loan, if we want to expand the automobile consumption, or by the Federation to other way. Because any time, people live forever more important than expanding automobile consumption. We also hope that relevant departments as soon as possible to give them a no argument, in order to cut off by the Federation and other people, housing provident fund.

                           

   Addendum:          Real estate daily blog ranking (1.1)
1Early metasomatism, early initiative; late metasomatism, late active Beijing ABC01-01812683918739
2A: Wang Xiaoya and I went to see the sea Chopper01-01354912016527
3Refuting the "fallacy of housing provident fund for the automobile consumption loans" Housing provident fund...01-01786636324
42009 is a lucky year Chinese Chief Beijing01-01533537287

 

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