Lead: The Annual Report of Changzhou Housing Provident Fund in 2021 was officially released. This Report made a comprehensive and detailed disclosure from six aspects, such as the general situation of the organization, business operation, financial management, asset risk, social and economic benefits, and the pilot project of flexible employees paying housing provident fund. From the Report, we can see that the housing provident fund in our city achieved remarkable results in benefiting the people and the people in 2021. Here, we select 10 items of data for a detailed interpretation.
1. The number of flexible employees participating in the pilot policy of housing provident fund system increased by 1,105 in the first month.
Changzhou, as one of the six pilot cities for flexible employees to participate in the housing provident fund system in China, officially implemented the pilot policy in December, and added 1,105 flexible employees in the same month, realizing a steady connection with the original individual deposit policy. The Changzhou pilot program was specially reported by the Central Second Economic Channel.
Flexible employees independently determine the deposit amount within the upper and lower limits of the monthly deposit of housing provident fund announced by our city, and enjoy the policies of housing provident fund withdrawal and loan as well as the employees in the unit. The paid housing provident fund enjoys the annual interest-bearing rights and is exempt from personal income tax.
2. Among the newly opened employees, employees of urban private enterprises and other urban enterprises accounted for 77.27%.
With the continuous expansion of the benefits of the housing provident fund system, the administrative institutions and state-owned enterprises in our city have basically paid the housing provident fund, and most foreign-funded enterprises and large enterprises have also paid it. The employees of urban private enterprises and other urban enterprises have gradually become the main beneficiaries of the expansion of the coverage of the housing provident fund system. Among the 179,500 newly opened employees in 2021, urban private enterprises and other urban enterprises accounted for 77.27%, and flexible employees accounted for 5.67%. The groups benefiting from the housing provident fund system are steadily expanding, and the dividend of system development is spreading to the whole society.
3. The number of people who paid the housing provident fund exceeded 1 million for the first time.
By strengthening publicity, expanding the influence of the housing provident fund system, implementing policies such as reducing the deposit ratio, continuously enhancing the attractiveness of the housing provident fund system, and promoting the construction of township housing provident fund workstations, the coverage of the housing provident fund system has been continuously expanded. In the whole year, 187,000 people were newly expanded, and the number of depositors at the end of the year exceeded 1 million, setting a record high.
4. 84.84% applied for loans for purchasing the first home.
Different from commercial bank housing loans, housing provident fund is a low-interest policy loan that the state guarantees the housing needs of employees, and it is given priority to the rigid housing demand of employees. The housing provident fund in our city gives full preferential treatment to the first home loan in policy design, and the down payment ratio of the first loan is only 20%; The second home loan was controlled, and the down payment ratio of the second loan was increased to 50%; Loans for more than three times are completely restricted, and employees cannot apply. This policy design of housing provident fund makes the housing provident fund more inclined to new citizens and new employees, which embodies the full housing security attribute.
5. Policy-based low-interest loans of 9.169 billion yuan were issued.
Through policy-based low-interest loans, the burden on depositors in purchasing houses was reduced. In the whole year, 9.169 billion yuan of policy-based low-interest loans were granted to 20,900 households, and 10.237 billion yuan of policy-based low-interest loans were granted to 23,200 households, with a total loan of 91.1 billion yuan and a loan balance of 44.234 billion yuan.
6. Support the withdrawal of 12.71 billion yuan from the housing accumulation fund.
Through the withdrawal of housing provident fund to support depositors’ living needs such as buying and building houses, renting houses, repaying loans and improving retirement life, nearly 500,000 people were supported to withdraw housing provident fund of 12.71 billion yuan in the whole year, which played an important role in reducing the burden of employees buying houses.
7. Save 5.043 billion yuan for employees’ interest on house purchase.
In 2021, employees will be supported to purchase and build 2,578,300 square meters of housing (including subsidized loans from public companies), and the market share of personal housing loans (including subsidized loans from public companies) will be 16.92% at the end of the year. As the housing provident fund has a low annual interest rate of 2.75% for less than five years and 3.25% for more than five years, it is estimated that by applying for personal housing loans from the housing provident fund, employees can save 5.043 billion yuan in interest expenses on house purchase, greatly reducing the burden of house purchase for employees.
8. Pay the employee housing provident fund interest of 779 million yuan.
The housing provident fund paid by employees in their accounts has interest income every year. According to the Regulations on the Management of Housing Provident Fund and related policies, employees’ housing provident fund will pay interest once a year, from July 1 of last year to June 30 of the following year. At present, the one-year deposit rate is 1.5%. In 2021, a total of 779 million yuan of housing provident fund interest will be paid to employees who have paid housing provident fund.
9, extraction of urban low-cost housing construction supplementary funds of 488 million yuan.
Housing accumulation fund has played an important role in the construction of low-rent housing in our city. According to the national policy, most of the value-added benefits generated by housing provident fund are used as supplementary funds for urban low-rent housing construction, except for risk reserve and management funds. In 2021, a total of 556 million yuan of value-added income was generated, including 488 million yuan of supplementary funds for urban low-rent housing construction, totaling 3.432 billion yuan.
10. The number of followers of WeChat WeChat official account exceeded 750,000.
We continued to promote the construction of Changzhou Housing Provident Fund WeChat WeChat official account, increased the types of online business of WeChat WeChat official account, and expanded the publicity of housing provident fund policies, with 766,000 followers and 690,000 bound users.
Annual Report of Changzhou Housing Provident Fund in 2021
According to the Regulations of the State Council Municipality on the Management of Housing Provident Fund and the Notice of the Ministry of Housing and Urban-Rural Development, the Ministry of Finance and the People’s Bank of China on Improving the Information Disclosure System of Housing Provident Fund (J.J. [2015] No.26), the annual report of Changzhou Housing Provident Fund in 2021 is hereby published as follows:
I. General situation of institutions
(1) Housing Provident Fund Management Committee: The Housing Provident Fund Management Committee has 23 members and held a meeting in 2021. The matters reviewed and approved mainly include: 1. The work summary and work plan of Changzhou Housing Provident Fund Management Center in 2020 and the annual report of Changzhou Housing Provident Fund in 2020; 2. Report on the collection and use of housing provident fund in 2020, the implementation of financial revenue and expenditure plan and the collection and use of financial revenue and expenditure plan in 2021; 3. Proposal on Adjusting Housing Provident Fund Loan Policy; 4. Changzhou Branch of Shanghai Bank Co., Ltd. undertakes housing provident fund financial business.
(II) Housing provident fund management center: The housing provident fund management center is a non-profit-making institution directly under the Municipal People’s Government, with 9 offices, 3 offices and 3 sub-centers. There are 177 employees, of whom 84 are under compilation and 93 are not.
Second, the business operation
(1) Deposit: In 2021, there were 6,485 new account opening units, with a net increase of 5,497 units; There were 179,500 new employees, with a net increase of 106,800 employees; There are 42,159 paid-in units with 1,140,200 employees, with a deposit of 17.506 billion yuan, up by 14.99%, 10.33% and 13.62% respectively. At the end of 2021, the total deposit was 127.53 billion yuan, an increase of 15.91% over the end of the previous year; The balance of deposits was 42.735 billion yuan, a year-on-year increase of 12.64%.
There are 7 banks entrusted to handle the housing provident fund deposit business.
(2) Withdrawal: In 2021, nearly 500,000 paid employees will withdraw the housing provident fund; The withdrawal amount was 12.71 billion yuan, a year-on-year increase of 6.81%; The withdrawal amount accounted for 72.60% of the deposit amount in the current year, a decrease of 4.62 percentage points over the previous year. By the end of 2021, the total withdrawal amount was 84.795 billion yuan, an increase of 17.63% over the end of last year.
(3) Loans:
1. Individual housing loan: the maximum amount of individual housing loan for single deposit is 300,000 yuan, and the maximum amount of individual housing loan for double deposit is 600,000 yuan.
In 2021, 20,900 individual housing loans totaling 9.169 billion yuan were issued, down by 16.73% and 16.30% respectively. Among them, downtown issued 10,500 individual housing loans of 4.662 billion yuan, Wujin Sub-center issued 3,700 individual housing loans of 1.653 billion yuan, Jintan Sub-center issued 3,300 individual housing loans of 1.374 billion yuan, and Liyang Sub-center issued 3,500 individual housing loans of 1.480 billion yuan.
In 2021, 6.294 billion yuan of personal housing loans were recovered. Among them, downtown is 3.57 billion yuan, Wujin Sub-center is 1.407 billion yuan, Jintan Sub-center is 531 million yuan and Liyang Sub-center is 786 million yuan.
By the end of 2021, a total of 309,100 individual housing loans of 91.1 billion yuan were issued, with a loan balance of 44.234 billion yuan, up by 7.25%, 11.19% and 6.95% respectively. The balance of individual housing loans accounted for 103.51% of the deposit balance, a decrease of 5.51 percentage points from the end of last year. There are 10 banks entrusted to handle housing provident fund personal housing loan business.
2. Off-site loans: In 2021, 1,257 off-site loans of 519,327,000 yuan were issued. By the end of 2021, the total amount of off-site loans issued was 1,171.739 million yuan, and the balance of off-site loans was 1,105.5792 million yuan.
3. Interest-subsidized loans for public transit companies: In 2021, 2,394 interest-subsidized loans for public transit companies were issued, amounting to 1,067,654,000 yuan, and the interest subsidy in that year was 74,151,500 yuan. By the end of 2021, a total of 41,426 discount loans were granted to the public, amounting to 13,362,222,000 yuan, with a cumulative discount of 623,923,500 yuan.
(4) Purchase of national debt: In 2021, RMB 0 billion will be purchased, and RMB 0 billion will be redeemed, transferred and recovered. At the end of 2021, the balance of national debt was 0 billion yuan.
(V) Capital storage: At the end of 2021, the housing provident fund deposit was 1.005 billion yuan. Among them, RMB 001 million is current, RMB 000 million is fixed for less than one year (inclusive), RMB 000 million is fixed for more than one year, and RMB 1.004 billion is other (agreement, notice deposit, etc.).
(VI) Utilization rate of funds: At the end of 2021, the sum of the balance of individual housing loans, project loans and purchase of government bonds of housing provident fund accounted for 103.51% of the deposit balance, a decrease of 5.51 percentage points over the end of last year.
III. Main financial data
(1) Business income: In 2021, the business income was 1,423,553,500 yuan, a year-on-year increase of 9.68%; The deposit interest is 29,816,500 yuan, the entrusted loan interest is 1,393,737,100 yuan, debt interest is 0,000 yuan, and others are 0,000 yuan.
(II) Business expenditure: In 2021, business expenditure was 867,898,200 yuan, up 8.81% year-on-year; Pay employee housing provident fund interest of 778,869,300 yuan, collection fee of 32,647,200 yuan, entrusted loan fee of 39,984,700 yuan and others of 16,405,300 yuan.
(3) Value-added income: In 2021, the value-added income was 555,655,300 yuan, up by 11.06% year-on-year; The value-added rate of return was 1.38%, an increase of 0 percentage points over the previous year.
(4) Value-added income distribution: In 2021, the loan risk reserve will be withdrawn by 28.754 million yuan; The management fee is 38,519,600 yuan, and the supplementary fund for the construction of urban low-rent housing (public rental housing) is 488,381,800 yuan.
In 2021, the financial management fee was 38.5196 million yuan. The supplementary funds for the construction of low-rent housing (public rental housing) in financial cities were 404,743,800 yuan, including 208,676,600 yuan from downtown, 110,961,000 yuan from Wujin Sub-center, 34,826,100 yuan from Jintan Sub-center and 50,280,100 yuan from Liyang Sub-center.
At the end of 2021, the balance of loan risk reserve was 877,947,300 yuan. A total of 3,431,873,400 yuan of supplementary funds for the construction of urban low-rent housing (public rental housing) was withdrawn. Among them, 2,078,600,200 yuan was withdrawn from downtown, 722,353,000 yuan from Wujin Sub-center, 276,794,200 yuan from Jintan Sub-center and 354,126,100 yuan from Liyang Sub-center.
(V) Expenditure on management expenses: In 2021, the expenditure on management expenses was 38,519,600 yuan, up by 11.11% year-on-year. Among them, the personnel expenditure is 30.3843 million yuan, the public expenditure is 1.632 million yuan, and the special expenditure is 6.5033 million yuan.
The expenditure of downtown management expenses is 30,802,200 yuan, of which personnel, public and special funds are 23,929,200 yuan, 1,336,800 yuan and 5,536,200 yuan respectively; The management expenses of Wujin Sub-center are 2,998,300 yuan, of which the personnel, public and special funds are 2,462,900 yuan, 99,500 yuan and 435,900 yuan respectively; The management expenses of Jintan Sub-center are 2,342,500 yuan, of which the personnel, public and special funds are 1,915,300 yuan, 101,500 yuan and 325,700 yuan respectively; The management expenses of Liyang Sub-center are 2,376,600 yuan, of which the personnel, public and special funds are 2,076,900 yuan, 94,200 yuan and 205,500 yuan respectively.
IV. Asset Risk Status
Personal housing loan: At the end of 2021, the loans overdue of personal housing was RMB 0,000, with the overdue rate of 0‰ , of which, downtown 0 & permit; , Wujin Sub-center 0‰ , Jintan points in 0 & permit; , Liyang Sub-center 0‰ . The balance of personal loan risk reserve is 872,415,300 yuan. In 2021, the personal loan risk reserve was used to write off bad debts of RMB 0,000.
V. Social and economic benefits
(1) Deposit business
Among the paid employees, state organs and institutions account for 12.84%, state-owned enterprises account for 1.68%, urban collective enterprises account for 0.30%, foreign-invested enterprises account for 8.29%, urban private enterprises and other urban enterprises account for 66.05%, private non-enterprise units and social organizations account for 0.2%, flexible employees account for 7.4%, and others account for 3.24%. Middle and low income accounts for 93.9%, and high income accounts for 6.1%.
Among the newly opened employees, state organs and institutions account for 3.79%, state-owned enterprises account for 0.57%, urban collective enterprises account for 0.21%, foreign-invested enterprises account for 8.89%, urban private enterprises and other urban enterprises account for 77.27%, private non-enterprise units and social organizations account for 0.23%, flexible employees account for 5.67% and others account for 3.37%. Middle and low income accounts for 98.14%, and high income accounts for 1.86%.
(2) Extraction business
Of the withdrawal amount, 19.90% were purchased, built, rebuilt or overhauled for owner-occupied housing, 61.62% were repaid for the principal and interest of house purchase loan, 6.54% were rented housing, 0.005% were supported for the renovation of old residential areas, 7.50% were retired and retired, 2.28% were completely incapacitated and terminated their labor relations with the unit, 0.01% were settled abroad, and 2.5% were others. Among the employees, the middle and low income accounts for 91.57%, and the high income accounts for 8.43%.
(3) Loan business
Personal housing loans: In 2021, employees will be supported to purchase houses of 2,578,300 square meters (including discount loans from public revolution companies), and the market share of personal housing loans (including discount loans from public revolution companies) will be 16.92% at the end of the year, an increase of 0.44 percentage points over the end of last year. By applying for housing provident fund personal housing loan, the employee’s interest expenditure on house purchase can be saved by 5,043,157,800 yuan.
In the number of employee loans, 23.64% have a building area of less than 90 square meters, 90-mdash; 144 (inclusive) square meters accounted for 68.84%, and more than 144 square meters accounted for 7.52%. Purchase of new houses accounted for 54.90% (including 0.005% for affordable housing), purchase of second-hand houses accounted for 45.10%, construction, renovation and overhaul of owner-occupied houses accounted for 0% (including 0% for supporting the renovation of old communities), and others accounted for 0%.
Among the number of employee loans, 44.29% were applied for loans by employees with single deposit, 54.93% by employees with double deposit, and 0.78% by employees with three or more deposits.
Among the loan employees, 26.89% are under 30 years old, and 30 years old — 40 years old (inclusive) accounted for 44.66%, 40 years old — 50 years old (inclusive) accounted for 23.80%, and over 50 years old accounted for 4.65%; 84.84% applied for loans when purchasing the first house, and 15.16% applied for loans when purchasing two or more houses; Middle and low income accounts for 92.98%, and high income accounts for 7.02%.
(D) Housing contribution rate
In 2021, the ratio of the sum of individual housing loans, discount loans from public enterprises, project loans and housing consumption withdrawals to the deposit in that year was 126.46%, a decrease of 12.84 percentage points over the previous year.
VI. Other Important Matters
(a) to carry out flexible employment personnel to participate in the housing provident fund system pilot work
In May, 2021, according to the Letter of the Ministry of Housing and Urban-Rural Development on Agreeing Changzhou to Carry out the Pilot Project of Flexible Employment Personnel to Participate in the Housing Provident Fund System (Jian Jin Han [2021] No.60), our city became one of the first six pilot cities in China. After the 69th executive meeting of the municipal government on August 30th and the 10th meeting of the Committee for Deep Reform of the Municipal Party Committee on September 10th, the city officially implemented the pilot policy on December 1st.
Flexible employees independently determine the deposit amount within the upper and lower limits of the monthly deposit of housing provident fund announced by our city, and enjoy the policies of housing provident fund withdrawal and loan as well as the employees in the unit. The paid housing provident fund enjoys the annual interest-bearing rights and is exempt from personal income tax. In the month when the pilot policy was implemented, 1,105 flexible employees participated in the housing provident fund system.
(two) the adjustment of institutions and functions in the current year, and the change of financial institutions entrusted to handle the deposit loan business.
In January, 2021, with the approval of the Office of the Organizational Establishment Committee of Changzhou Municipal Committee of the Communist Party of China, Changzhou Housing Provident Fund Management Center cancelled the internal organization collection management office, loan management office and regulations internal audit office, and newly established the internal organization regulations inspection office, business management office, centralized audit office and internal audit office, all of which are equivalent to the official department. At present, the center has 15 internal institutions and party committees.
The financial institutions entrusted to handle the deposit loan business have not changed.
(three) the adjustment and implementation of the housing provident fund policy in that year
Adjust the monthly deposit base limit of housing provident fund. In 2021, the upper limit of the monthly deposit base of housing provident fund is 28,000 yuan, an increase of 7.28% over the previous year; The lower limit of the monthly deposit base is 2020 yuan in Changzhou City (including Wujin District) and 1850 yuan in liyang city and Jintan District, which is consistent with last year.
Adjust the use policy of housing provident fund. First, adjust the calculation rules of loan quota. The loan amount calculation rule of "average monthly balance * loan allocation coefficient" is adopted. The "average monthly balance" is the result obtained by dividing the sum of the account balances at the end of each month by 60 when the loan applicant applies for a loan, and the calculation of less than 60 months is 60 months; The "loan allocation coefficient" is adjusted according to the changes in the city’s real estate market and credit market. In 2021, it will be set as 40 for those who have no record of using the housing provident fund for purchasing houses in our city, and 10 for those who have a record of using the housing provident fund for purchasing houses. The second is to suspend the business of transferring commercial loans to housing provident fund loans. The third is to adjust the extraction policy. The extraction of "workers themselves, spouses and minor children suffering from major diseases caused serious difficulties in family life" is adjusted to be extracted and executed as "the minimum living guarantee object or extremely poor workers".
(4) Service improvement in the current year
The docking and normal visit of the "small program" of the housing provident fund of the Ministry of Housing and Urban-Rural Development were completed in the first batch, and the function of "transfer and connection in different places" of the housing provident fund was realized.
Implement the housing provident fund "cross-provincial management" and the Yangtze River Delta "one network management". Set up a special window for inter-provincial communication to realize the "inter-provincial communication" of eight businesses, such as personal deposit and loan information inquiry; Realize the Yangtze River Delta’s "One Network Office" of six businesses, such as house purchase in different places and unit registration and account opening.
Promote online channel construction and online business promotion. "Changzhou Housing Provident Fund" WeChat WeChat official account has more than 750,000 followers and 690,000 bound users. 42 corporate businesses and 47 personal businesses can be handled online. Deploy "Changzhou Housing Provident Fund" in Jiangsu Government APP and Jiangnan Bank APP channels, deploy "Changzhou Provident Fund" intelligent customer service in Alipay channel, and deploy intelligent customer service robots in the service hall.
Set up "window zero" in each service hall, establish a rapid response mechanism, and realize the management of "good and bad reviews" in the information system.
(V) Information construction in that year
Make overall plans for digital transformation and upgrading, innovate the top-level design of housing provident fund informatization construction, and compile the status analysis report, top-level planning report and implementation planning report of the research on high-quality development of housing provident fund. Strengthen the network security infrastructure, set up a network security work leading group, formulate the Network Security and Informatization Management System, and complete the second phase of network security reinforcement. Organize special training on Data Security Law, carry out publicity activities of Cyber Security Week, and participate in provincial and municipal "Cyber Security 2021" actions.
(six) the honor of the housing provident fund management center and employees in that year.
In 2021, the Center won 13 honors, including: Changzhou Municipal Government website construction and management advanced unit, letters and visits assessment advanced department and unit, Jiangsu Province housing and urban-rural construction system advanced collective and model worker’s home, and was commended by the provinces and municipalities for 10 times.
(seven) in violation of the "Regulations" of the housing provident fund management and related laws and regulations for administrative punishment and apply to the people’s court for compulsory enforcement.
without
(eight) the correction and handling of violations of housing provident fund management personnel in that year, etc.
without
(nine) other circumstances that need to be disclosed.
without
(Source: Changzhou Daily)
