Increase support for housing consumption, with multiple regions implementing new housing provident fund policies.

On September 20, the newly revised Regulations on the Management of Housing Provident Funds officially took effect. Since the implementation of the Regulations, many places have optimized housing provident fund policies in light of local conditions, explicitly allowing withdrawals from housing provident funds for self-occupied home renovation and other purposes. For example, on October 12, the Changchun Housing Provident Fund Management Committee issued the Notice on Adjusting Housing Provident Fund Use Policies to implement the Regulations, explicitly supporting measures such as withdrawing housing provident funds for renovating self-occupied homes. Yan Yuejin, deputy director of the Shanghai E-House Real Estate Research Institute, analyzed that as localities implement the Regulations in light of local conditions, the maximum amount for housing provident fund withdrawals for renovation ranges from 100,000 yuan to 300,000 yuan, basically matching local housing price levels and housing stock characteristics.