By the end of 2022, the total value of housing provident fund loans in Shanghai reached 587 billion yuan, indicating an increase from the previous year. This strong increase reflected the high demands in the residential housing market in Shanghai.
Established after the housing reform of the late 1990s, the housing provident fund is a long-term mandatory saving system to assist home financing. Employers and individuals must contribute to designated accounts on a monthly basis, which could be used to fund home purchases and loans through a mortgage system.
Total value of housing provident fund loans in Shanghai, China from 2001 to 2022
(in billion yuan)
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Shanghai Municipal Statistics Bureau. (March 21, 2024). Total value of housing provident fund loans in Shanghai, China from 2001 to 2022 (in billion yuan) [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/1326313/china-housing-provident-fund-loan-value-in-shanghai/
Shanghai Municipal Statistics Bureau. "Total value of housing provident fund loans in Shanghai, China from 2001 to 2022 (in billion yuan)." Chart. March 21, 2024. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/1326313/china-housing-provident-fund-loan-value-in-shanghai/
Shanghai Municipal Statistics Bureau. (2024). Total value of housing provident fund loans in Shanghai, China from 2001 to 2022 (in billion yuan). Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/1326313/china-housing-provident-fund-loan-value-in-shanghai/
Shanghai Municipal Statistics Bureau. "Total Value of Housing Provident Fund Loans in Shanghai, China from 2001 to 2022 (in Billion Yuan)." Statista, Statista Inc., 21 Mar 2024, https://www.statista.com/statistics/1326313/china-housing-provident-fund-loan-value-in-shanghai/
Shanghai Municipal Statistics Bureau, Total value of housing provident fund loans in Shanghai, China from 2001 to 2022 (in billion yuan) Statista, https://www.statista.com/statistics/1326313/china-housing-provident-fund-loan-value-in-shanghai/ (last visited December 30, 2024)
Total value of housing provident fund loans in Shanghai, China from 2001 to 2022 (in billion yuan) [Graph], Shanghai Municipal Statistics Bureau, March 21, 2024. [Online]. Available: https://www.statista.com/statistics/1326313/china-housing-provident-fund-loan-value-in-shanghai/
