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 i...
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| Format: | Policy Note |
| Language: | English en_US |
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World Bank, Washington, DC
2013
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| 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 |
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okr-10986-12780 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
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 |
| spellingShingle |
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 Taffin, Claude Friedemann, Roy Kyung-Hwan, Kim Strategic Reorientation of the Housing Provident Fund System in the People's Republic of China |
| geographic_facet |
East Asia and Pacific China |
| description |
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. |
| format |
Economic & Sector Work :: Policy Note |
| author |
Taffin, Claude Friedemann, Roy Kyung-Hwan, Kim |
| author_facet |
Taffin, Claude Friedemann, Roy Kyung-Hwan, Kim |
| author_sort |
Taffin, Claude |
| title |
Strategic Reorientation of the Housing Provident Fund System in the People's Republic of China |
| title_short |
Strategic Reorientation of the Housing Provident Fund System in the People's Republic of China |
| title_full |
Strategic Reorientation of the Housing Provident Fund System in the People's Republic of China |
| title_fullStr |
Strategic Reorientation of the Housing Provident Fund System in the People's Republic of China |
| title_full_unstemmed |
Strategic Reorientation of the Housing Provident Fund System in the People's Republic of China |
| title_sort |
strategic reorientation of the housing provident fund system in the people's republic of china |
| publisher |
World Bank, Washington, DC |
| publishDate |
2013 |
| url |
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 |
| _version_ |
1764421395912065024 |
| spelling |
okr-10986-127802021-04-23T14:03:04Z Strategic Reorientation of the Housing Provident Fund System in the People's Republic of China Taffin, Claude Friedemann, Roy Kyung-Hwan, Kim 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 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. 2013-03-15T17:36:52Z 2013-03-15T17:36:52Z 2011-07 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 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Economic & Sector Work :: Policy Note Economic & Sector Work East Asia and Pacific China |