Legislative Affairs Office of the State Council, Regulations for the Administration of Housing Reserves (Amendment Draft Sent for Review)

国务院法制办公室住房公积金管理条例 (修订送审稿)

November 27, 2015 | BY

Susan Mok

Issued: November 20 2015 Main contents: Subject to the approval of the Housing Reserve Management Committee, the Housing Reserve Management…

Issued: November 20 2015

Main contents: Subject to the approval of the Housing Reserve Management Committee, the Housing Reserve Management Centre may apply to issue housing reserve personal loan-backed securities in accordance with state provisions.

Provided that it ensures withdrawals and loans from the housing reserve, the Housing Reserve Management Centre may use the housing reserve to purchase sovereign bonds and certificates of deposit. Subject to the approval of the Housing Reserve Management Committee, it may use the reserve fund to purchase fixed return products with a good credit rating such as local government bonds, policy financial bonds, housing reserve personal loan-backed securities, etc (Article 30).

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