Housing Fund In China's Legal System, Reflection And Reconstruction,

In the early 1990s, the welfare housing distribution system phased out people'svision, replaced by a new housing distribution system--the housing providentfund system. Housing provident fund system, for the change of China's housing allocation system, was built on the basis of studying Singapore provident fund system. And it made tremendous contribution in improving the living condition and solving the housing problems of majority workers.However, in recent years, as the housing needs of the people and house prices rise sharply, housing provident fund system becomes insufficient, and the initial benefits nature has not been well reflected. There are a number of questions: The legal status of the management committee was false, the legal liability system was absence, the legal management centre was inaccurate, the legal nature of housing provident fund does not explicitly attribute, lender rights and obligations of the system are designed unreasonable, the legal risk prevention mechanisms of loan has deficiencies, and so on.A sound legal system is the basic of consolidating and developing the legal system of housing provident fund. Therefore, it is very necessary to explore the legal issues of housing provident fund system and concept the sound program. At this stage, it should be amended and perfected the regulation of housing provident fund system as soon as possible, as a transitional arrangement. And when the time is ripe, it should to establish housing provident fund specialized bank, which is the objection and inevitable choice of China's housing provident fund management reform .To establish reasonable deposit rate, increase the deposit rate, standardized housing provident fund assemble, raise the maximum amount of to solve the problem of low purchasing power. To abolish the system of low-interest loans and establish fiscal discount, it declare fairness and original mind of housing provident fund system.