300 billion Provident fund to support the construction of five big questions

Provident Fund support Housing construction has exceeded the "Housing Provident Fund Management Ordinance" provisions of the scope of use--300 billion provident fund to support the building of the five Questions letter Sea Light recently, Department of Housing and other seven departments issued a joint "on the use of Residential Provident Fund loans to support the implementation of housing construction pilot Work" (hereinafter referred to as "implementation of the opinion ), formally launched a Housing provident Fund to support the housing construction of the series of policies. As of the end of 2008, the National Provident Fund Idle scale amounted to 600 billion yuan, "implementation of the opinion" of the release, is to solve the Housing Provident Fund Idle problem.　　In accordance with the provisions of the "Implementation Opinion", the 50% of Idle Provident Fund can be used to support the construction of housing protection, the funds can be spent to reach 300 billion yuan. "Implementation of the opinion" of the introduction, its purpose is to solve the problem of Provident Fund, the original intention is undoubtedly good.　　However, in combination with the current use of Housing Provident Fund, and in-depth analysis, there are still a few questions to be answered. Firstly, whether the Housing Provident Fund paid by workers has the legal obligation to support the construction of the security housing. According to the regulation of Housing Provident Fund Administration promulgated by the State Council in 2002, the first chapter III stipulates that the Housing Provident Fund paid by employees and the Housing fund paid for by employees are owned by the employees; The fifth article stipulates that the Housing Provident Fund shall be used for the purchase, construction, renovated and overhaul of the house. No unit or individual may be diverted for his use.　　From the above point of view, the Provident Fund support housing construction has gone beyond the provisions of the Housing Provident Fund Management Ordinance, and how to resolve the conflict between the provisions of the Ordinance and the "Implementation of opinions" is a problem that should not be avoided. Secondly, whether to support affordable construction is the best way to solve the accumulation of Provident Fund. The fact is, although there are 600 billion yuan in the management center of the "precipitation", but there is still in the house buyers there is difficult to purchase loans, cumbersome procedures, high threshold of practical problems, the basic functions of Provident fund-support staff to buy a house, rent, and not be fully played.　　To solve the "precipitation" problem, the introduction of policies to more money, more convenient loans to low-income buyers, not more than loans to affordable projects to profit more in line with the intention of setting up a provident fund?　　Third, although the "implementation of opinion" provisions, and support for affordable construction, "personal housing loans first", but in the interest of higher return on investment driven by the local government may not be biased to the side of the depositor. Four, the construction of affordable housing is the basic responsibility of all levels of government, its funds are generally allocated from the financial resources, or from the transfer of land transfer money. 2008 National total land sales of more than 960 billion yuan, 2007 is as high as 1.3 trillion yuan, this large amount of income is dominated by local government.　　In recent years, there has been a call for the majority of land transfer funds for the protection of Housing construction, the ministry's planning share is 70%, the first use of this money than the use of ordinary people's Provident Fund more reasonable, legitimate. Its five, the use of Provident Fund loans to support housing construction, will inevitably involveManagement of huge value-added gains. A period of time before the media has exposed the "Guangzhou Provident Fund for a year of management costs more than 20 million yuan, per capita management fee of more than 270,000 yuan" news, if the Provident Fund is taken to build a loan, its revenue-linked management fees will be more prominent.　　In addition to bear the risk, this part of Provident Fund loan investment income depositors can share should also be clear. In short, in order to solve the problem of mass housing, the government has put out a part of the Provident Fund to support the housing construction, which is certainly a positive way to improve the efficiency of the use of funds. But the Housing Provident Fund and the tax is different, its owner is a large number of employees, therefore, in the use of this large amount of money belonging to the masses, the relevant departments must be cautious, the interests of the masses in the first place, beware of its departmental interests and local interests hostage.