Shenzhen provident fund extraction covers the entire chain of housing consumption.

Recently, some residents have proposed suggestions on the People's Daily website, hoping that Shenzhen will allow the use of housing provident fund to pay for property management fees or utility bills. The reporter interviewed the Shenzhen Housing Provident Fund Management Center and learned that since the implementation of the "Interim Provisions on the Management of Housing Provident Fund Withdrawals in Shenzhen" in 2011, Shenzhen has introduced a relaxed withdrawal policy that covers the entire process of housing consumption and allows everyone to withdraw funds. This policy includes housing consumption scenarios such as renting, buying, repaying loans, and other housing-related expenses, as well as non-housing consumption scenarios such as retirement, leaving Shenzhen, and major illnesses. Specifically, in the scenario of "other housing consumption," employees can withdraw 40% of the monthly required deposit amount to flexibly pay for property service fees in the city, daily property maintenance funds, and other housing-related expenses, and can withdraw funds online using a mobile phone without any documents. (Shenzhen Special Zone Daily)