Research On The Positioning Of Housing Provident Fund System

The problem of positioning involves the fundamentals of the system,and it is also the fundamental problem that the system needs to solve in the course of development.It is related to the survival and abolition of the system.As far as the housing provident fund system is concerned,since the 1990 s,it has been more than 20 years of development,playing a key role in enhancing the housing consumption capacity of residents and solving housing problems.However,in recent years,in the face of high-level housing prices and other macroeconomic challenges,the system has been weak,and the public's doubts about the positioning of the system have been strong.Therefore,whether it is based on the current situation of China's policy-based housing finance research is weak or the current residents' housing consumption demand is increasingly urgent,the research on the positioning of the housing provident fund system undoubtedly has important theoretical and practical significance.This study intends to explore the reasons for the emergence of current institutional positioning problems from different dimensions: First,from the perspective of policy combing,on the basis of reviewing the policy documents system promulgated over the years,the law of institutional evolution is explored from both space and time;Secondly,from the perspective of public cognition,based on the public evaluation of the most closely related public institutions: the housing provident fund management center and the housing provident fund management committee to understand the public's public cognition of the system;finally,from the perspective of policy experiment effects,Through the policy experiment of destocking implemented in recent years,the empirical results of the implementation of the system are empirically analyzed.The main conclusions are as follows:(1)Based on the policy,it can be seen that the policies promulgated at various stages of the current system are difficult to achieve the inherent requirements of security,and the system has a high degree of relevance to the housing market in China,and it is easy to become a tool for government regulation.(2)It is known from the public's cognitive situation that the public's cognitive status,such as system understanding,satisfaction,transparency,etc.,will have an importantimpact on institutional evaluation,and the cognitive status of “strong groups” is generally higher than that of “vulnerable groups”.(3)Through policy experiments,it can be shown that although the destocking policy promotes housing consumption as a whole,its support effect is different,and the support for groups with urgent housing needs is still necessary for further improvement.Based on the above conclusions,this paper proposes that in the face of the complicated macroeconomic situation,the housing provident fund system should clearly define its own orientation,with policy functions as the mainstay,with the support of financial functions as the support,and weakening administrative intervention as the focus;In terms of safeguarding the rights of new citizens to pay their rights,enhance the fairness of the system,play the financial function of the provident fund and transform the functions of the management institutions,we can adjust and reshape the housing accumulation fund governance system in China.