Strategic Reorientation of the Housing Provident Fund System in the People's Republic of China

The objective of this report is to respond to the request of the Ministry of Housing and Urban-Rural Development (MOHURD), to assess the Housing Provident Fund (HPF) system, and provide recommendations on its positioning, strategy and future role in the overall housing policy. The report focuses on a strategic review of the HPF system and its strategy, mission, and operational structure, and then analyses the market in which the individual HPFs operate. It provides recommendations on the realignment of the HPF system in view of the changed market conditions. The recommendations encompass the overall policy goal of the HPF system, including regulation and supervision, modifications to the current products offered by the HPFs, and improvements in the operational structure (e.g. organizational set-up, technical capabilities of management and staff, liquidity and risk management). The report concludes by citing international experiences with housing provident systems/credit linked savings systems in order to highlight useful links with the Chinese HPF system.

Saved in:
Bibliographic Details
Main Authors: Taffin, Claude, Friedemann, Roy, Kyung-Hwan, Kim
Format: Policy Note biblioteca
Language:English
en_US
Published: World Bank, Washington, DC 2011-07
Subjects:ACCOUNTING, ADMINISTRATIVE COSTS, AFFORDABILITY, AFFORDABLE HOUSING, ALLOCATION OF FUNDS, APPROVAL PROCEDURES, ARREARS, ASSET-LIABILITY MANAGEMENT, AUCTION, BALANCE SHEET, BANK FINANCING, BANK LOAN, BANK RATES, BANKING SYSTEM, BASIS POINTS, BORROWER, BORROWINGS, BRANCH NETWORK, BUSINESS CYCLES, BUSINESS MANAGEMENT, CADASTRE, CAPITAL MARKET, CASH FLOWS, CASH TRANSACTIONS, COMMERCIAL BANK, COMMERCIAL BANKS, COMMERCIAL LOAN, COMMERCIAL LOAN RATE, CONTRACTUAL SAVINGS, CORPORATE GOVERNANCE, CORRUPTION, COST OF CREDIT, CREDIT OPTION, CREDIT RISK, CREDITS, CREDITWORTHINESS, CROSS-SUBSIDIES, DEBT, DEBT COLLECTORS, DEDUCTIBLE, DEPOSIT, DEPOSITS, DISBURSEMENT, DISPOSABLE INCOME, DIVERSIFICATION, DOWN PAYMENT, E-GOVERNMENT, ECONOMIC GROWTH, ECONOMIES OF SCALE, EMPLOYEE, EMPLOYER, EMPLOYERS, ENFORCEMENT POWERS, EQUAL ACCESS, EXPENDITURE, FAMILIES, FINANCES, FINANCIAL ADVANTAGES, FINANCIAL ASSETS, FINANCIAL CRISIS, FINANCIAL INSTITUTION, FINANCIAL INSTITUTIONS, FINANCIAL INSTRUMENTS, FINANCIAL MANAGEMENT, FINANCIAL MARKET, FINANCIAL PERFORMANCE, FINANCIAL RISK, FINANCIAL RISKS, FINANCIAL SUSTAINABILITY, FIXED RATE, FLEXIBLE REPAYMENT, FLOATING RATES, FUND MANAGEMENT, FUNDING POOL, FUNDING SOURCE, FUNDING SOURCES, FUTURE LOAN, GOVERNMENT POLICIES, GOVERNMENT SECURITIES, GUARANTEED ACCESS, HOME BUYERS, HOME LOANS, HOME PURCHASE, HOME PURCHASES, HOUSEHOLD INCOME, HOUSEHOLDS, HOUSING FINANCE, HOUSING LOAN, HOUSING LOANS, HUMAN RESOURCE, INCOME GROUPS, INCOME TAX, INDIVIDUAL LOAN, INFLATION, INITIAL LOAN, INSTRUMENT, INTEREST RATE, INTEREST RATE REGIME, INTEREST RATE RISK, INTEREST RATES, INTEREST SUBSIDY, INVESTMENT FUNDS, LAND MARKET, LAND OWNERSHIP, LEGAL TOOL, LENDERS, LENDING LIMITS, LENDING POLICIES, LIABILITY, LIQUIDITY, LIQUIDITY CRISIS, LIQUIDITY MANAGEMENT, LIQUIDITY RATIOS, LIQUIDITY RISK, LOAN AMOUNT, LOAN AMOUNTS, LOAN APPLICATIONS, LOAN APPROVAL, LOAN CONDITIONS, LOAN CONTRACT, LOAN DEFAULTS, LOAN DEMAND, LOAN DOCUMENTATION, LOAN MATURITY, LOAN OFFICER, LOAN PERIOD, LOAN PORTFOLIO, LOAN PORTFOLIOS, LOAN PRODUCT, LOAN PRODUCTS, LOAN REPAYMENT, LOAN REQUEST, LOAN REQUESTS, LOAN TERM, LOAN UNDERWRITING, LOAN VOLUMES, LOAN-TO-DEPOSIT RATIO, LOAN-TO-DEPOSIT RATIOS, LOCAL GOVERNMENTS, LONG-TERM FUNDING, MARKET CONDITIONS, MARKET DEVELOPMENT, MARKET INTEREST RATES, MARKET MECHANISMS, MARKET PRICE, MARKET PRICES, MARKET SHARE, MARKET SHARES, MARKETING STRATEGIES, MATURITIES, MATURITY MISMATCH, MAXIMUM LOAN AMOUNT, MAXIMUM LOAN AMOUNTS, MEDICAL EXPENSES, MIGRANT WORKERS, MINIMUM WAGE, MONETARY AUTHORITY, MORTGAGE, MORTGAGE FINANCING, MORTGAGE INTEREST, MORTGAGE INTEREST RATES, MORTGAGE LENDER, MORTGAGE LENDERS, MORTGAGE LENDING, MORTGAGE LOAN, MORTGAGE LOANS, MORTGAGE MARKET, MORTGAGE MARKETS, NOMINAL INTEREST RATES, NON-PERFORMING LOANS, NOTARY, OPPORTUNITY COST, OPPORTUNITY COSTS, OUTSTANDING LOAN, OVERDUE LOANS, PARTNER BANK, PARTNER BANKS, PENSION, PENSION FUND, PENSION FUNDS, PERSONAL SAVINGS, PREPAYMENT, PREPAYMENT RISK, PRIVATE ENTERPRISES, PRIVATE LENDER, PRIVATE LENDERS, PROFITABILITY, PROPERTY MARKETS, PROPERTY TAX, PROVISIONING RULES, PURCHASING POWER, RATES OF RETURN, REAL ESTATE, REGULATORY AUTHORITY, REGULATORY FRAMEWORK, REGULATORY OVERSIGHT, REGULATORY STRUCTURE, REPAYMENT, REPAYMENT PERIOD, REPAYMENT RATE, REPAYMENT SCHEDULE, REPAYMENTS, RESERVES, RESIDENTIAL LOANS, RISK CONTROL, RISK DIVERSIFICATION, RISK MANAGEMENT, SAVINGS, SAVINGS ACCOUNT, SAVINGS ACCOUNTS, SAVINGS PRODUCT, SAVINGS PRODUCTS, SAVINGS RATES, SOCIAL SECURITY, SOLVENCY, STABLE INTEREST RATE, SUBSIDIZATION, SUPERVISORY AUTHORITIES, SUPERVISORY BOARD, TAX EXEMPTION, TERM DEPOSIT, TRADE UNIONS, TRANSPARENCY, TREASURY, TREASURY BONDS, TURNOVER, UNEMPLOYMENT, UNEMPLOYMENT INSURANCE, UNION, URBAN AREA, URBAN AREAS, URBAN CREDIT, WITHDRAWAL, WITHDRAWAL OF FUNDS,
Online Access:http://documents.worldbank.org/curated/en/2011/07/16430407/people-s-republic-china-strategic-reorientation-housing-provident-fund-system-peoples-republic-china
http://hdl.handle.net/10986/12780
Tags: Add Tag
No Tags, Be the first to tag this record!