On March 24th, Chengdu issued a series of supporting measures, including increasing the loan amount, adjusting the loan frequency limit, supporting the withdrawal of housing provident fund to purchase parking spaces, and optimizing the recognition standards for first-time home buyers. These measures aim to further enhance the effectiveness of the housing provident fund system, increase efforts to benefit people's livelihoods, stabilize the market, and promote consumption, and accurately meet the rigid and improved housing needs of residents. The new policy in Chengdu focuses on the core housing needs of the masses, driven by both "real money" and "institutional innovation", significantly reducing the threshold for purchasing houses and stimulating the vitality of demand for improved housing. In terms of loan limits, policy efforts have been significantly upgraded: the maximum loan limit for single payer households' housing provident fund has been increased from 600000 yuan to 800000 yuan, and for double payer households, it has been increased from 1 million yuan to 1.2 million yuan. It is worth noting that if purchasing a current house or purchasing a house due to house expropriation or demolition, the loan amount can be increased by 20% on this basis, which means that families with dual depositors can receive up to 1.44 million yuan in housing provident fund loan support. At the same time, the new policy will temporarily lift the limit on the number of provident fund loans, clarifying that by the end of 2026, regardless of how many times employees have used provident fund loans before, as long as there is currently no outstanding balance of provident fund loans, they can apply for provident fund loans again for newly purchased housing and enjoy preferential policies such as low down payment and low interest rates for their first home. This measure will effectively activate the replacement chain of "selling old and buying new" and help residents improve their living conditions. In addition to optimizing loan policies, this new policy also significantly expands the usage scenarios of housing provident fund, allowing policy dividends to cover more people's livelihood needs. In the field of urban renewal, for the housing of Chengdu urban renewal and renovation projects, the owner of the house and their spouse can apply to withdraw the available balance of the housing provident fund account within two years after paying the personally funded renovation fees, which not only helps promote urban renewal but also effectively improves residents' living conditions. In terms of consumer support, within one year of purchasing a new house, homebuyers can withdraw their own and their spouse's housing provident fund to pay for the purchase of parking spaces for the same property project. The maximum withdrawal amount can reach 100000 yuan, effectively reducing the pressure on the public to purchase houses and support consumption. In addition, the new policy has lifted the frequency limit for withdrawing provident fund for major illnesses, further simplifying the withdrawal process, improving service efficiency, and better ensuring the emergency funding needs of disadvantaged groups. Yue Bingyin, General Manager of Chengdu Lianjia, stated that the new housing provident fund policy introduced by Chengdu has implemented a policy combination of "lowering the threshold, increasing the quota, and expanding the use". The precise implementation of the new policy not only effectively reduces the entry threshold and purchase cost for homebuyers, but also has the potential to further boost market transaction confidence, accelerate the disposal of existing housing resources, and activate housing consumption potential. Yue Bingyin said that the new policy clearly encourages the sale of existing houses and urban renewal, and positively guides the real estate industry to transform towards high-quality, low-risk and healthy development. In addition, the new policy can efficiently activate the huge amount of funds accumulated in the housing provident fund, guide the precise flow of funds into the housing consumption end, effectively play the role of the housing provident fund system in guaranteeing and regulating, and inject a "booster" into the stable and healthy development of the Chengdu real estate market. In addition to Chengdu, in recent times, in order to further stabilize the real estate market and activate the potential of housing consumption, many places such as Shanghai and Shenyang have successively made efforts to continuously optimize the provident fund quota, withdrawal scenarios, loan conditions, and other aspects. Through a series of precise measures, policy dividends have been released to promote the stable and positive development of the real estate market. Shenyang has optimized and adjusted the policy on the use of housing provident fund, including temporarily increasing the maximum loan amount of housing provident fund, expanding the scope of "commercial to public" loan support, temporarily canceling the limit on the number of housing provident fund loans, providing temporary support for depositors to purchase parking spaces (garages), and increasing the amount of housing provident fund withdrawn from renting. The "Shanghai Seven Measures" policy previously introduced by Shanghai has also received positive feedback from the market. The policy significantly increases the maximum loan amount for first-time home provident fund loans to 2.4 million yuan, and after adding preferential policies for families with multiple children and green buildings, the maximum loan amount for families can reach 3.24 million yuan. Thanks to policy dividends, the willingness of first-time first-time homebuyers to purchase properties has significantly increased, "said Zhang Fan, the general manager of Lianjia Panlong Road store in Shanghai. He believes that 'good or bad' cannot be simply equated with traditional needs for improvement. With the adjustment of the national population strategy, families with first-time marriages and children have become a key focus among the group in need. These types of families often face the contradiction between insufficient income accumulation and the demand for quality housing, and urgently need more targeted "policy support" from the housing provident fund system in terms of down payment support, loan amounts, and other aspects. Yan Yuejin believes that based on the new stage and requirements of real estate development, and combined with the overall direction of macroeconomic regulation in 2026, more places will start from the housing provident fund, promote institutional innovation breakthroughs, and fully play the leading role of the housing provident fund system in economic and social development. (New Society)