What is the collective housing fund in China?
The collective housing fund in China is a housing deposit for an employee collected on a monthly basis from the employee and the employer with proportion to the employee’s income. It is owned by the employee. This system is to establish an operational housing mechanism with the joint effort of the state, the work unit and the employee. It is a reform on the old welfare housing system, aiming to enhance the purchasing power of houses of the employees and to quicken the commercialization of houses.
What is the property owner’s right?
The property owner’s right is the right of a property owner, as permitted by law, to possess a property, to make use of it, to make profit from it and to dispose of it.