Guangxi Witnesses Rapid Growth of Housing Provident Fund Withdrawal and Loan

Date:2017-03-24

As of November 2016, 61,300 households in Guangxi have obtained personal housing loans of 19.33 billion yuan, of which 3,834 workers have received off-site loans of 1.20 billion yuan.


From January to November 2016, there were 304,200 workers in the whole region who joined in the new housing provident fund system, with an increase of 32.48% with 76,500 people. The withdrawal of housing provident fund of the region reached 21.82 billion yuan, a year-on-year increase of 28.06%; withdrawal for housing consumption amounted to 17.55 billion yuan, with year-on-year growth of 30.3%. The region's personal loan rate achieved 81.71%, a year-on-year increase of 10.38 percentage points. On the whole, the coverage of the region's housing provident fund has slightly expanded, the speed of withdrawal and loan has grown rapidly, and the personal loan rate has increased substantially.

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