A Researching On The Housing Provident Fund Problems

Since our housing provident fund system established, both the system construction and the fund use of the housing provident fund have had great development. But there are still some problems lying in our housing provident fund system, for example, the nature and goal of the fund are not clear, the functions developing of the fund are not coordinate, the loan management is not scientific, the structure of the management system is not perfect and the external environments are poor. Guided by Marxism theory, supported by western economic theories, with qualitative and quantitative analysis methods, this article learned relevant experiences and lessons of the housing fund accumulation and housing financing from countries and regions outside national boundary, researched the problems showed in the developing process of our housing provident fund, and put forward some countermeasures of perfecting our housing provident fund system.On the side of the objectives and nature, we should set up a general goal of the housing development-"the home ownership" and a terminal goal-"a home one can live in"; the housing provident fund system should have a dual nature of mutual aid and one's own assistance, should confine the extent of mutual aid scientifically and compensate the members who not get enough mutual aid.On the side of the functions, we can manage the old-age security fund and the housing provident fund as a whole according to the characteristics of them to improve the efficiency of these funds; we should abolish the irrational derived functions of the housing provident fund such as the interest subsidy and the lowest security extraction; we can enforce the macro-regulation and control function on the basis of uniting contribution ratio of the housing provident fund.On the side of the fund operating, we can establish a fair and scientific housing provident fund loan model according to three major principles as duties peer, all members loan and the best use of the fund, to make the housing provident fund loan standard stable and scientifically; we can expand the sources of the housing provident fund via providing budgetary funds or issuing special tax exemption bonds by the local governments and building up a secondary market for the housing provident fund mortgage loans. On the side of the management systems, we should improve the structure and functions of the management committee of the housing provident fund, add a standing organization and an internal audit organization for the management committee, establish regular reporting system and important matters reporting system about the housing provident fund, and perfect the housing provident fund management system.On the side of the external environments, we should return to the housing policy issued in 1998, which emphasized on the economic affordable housing construction, accelerate to distribute the power of the finance and the public affairs in all levels of the governments more reasonably, construct a special security housing fund and allot them scientifically, perfect our real estate tax system, improve our social security system, and strengthen our informal system construction.