SZ raises housing provident fund rental withdrawal ratio to 80% from Nov. 1

As part of the city’s action plan to stimulate consumption, Shenzhen will raise the proportion of housing provident fund (HPF) that eligible renters can withdraw to pay rent from the current 65% to 80% of the monthly contribution amount, effective Nov. 1.

The measure will remain in force for two years through Oct. 31, 2027.

Potential home buyers learn about housing units in a residential compound in Bao'an District. Photo from Dute News

Under the implementation plan, residents who do not own commercial, or government-subsidized housing in Shenzhen, may apply to withdraw the housing provident fund for rent, with the maximum withdrawal amount equaling 80% of the monthly contribution.

Under the implementation plan, employees who do not own commercial, policy, or other indemnificatory housing in Shenzhen — including the housing status of their family members — may apply to withdraw HPF funds for rent. For each month within the policy period, the maximum withdrawal amount will equal 80% of that month’s housing fund contribution.

Employees who have unwithdrawn eligible months before November 2025 will see their total withdrawal calculated in segments.

For eligible months before Nov. 1, 2025, withdrawals will be calculated under the existing Shenzhen Housing Provident Fund Withdrawal Management Regulations, using a 65% withdrawal ratio.

For eligible months from Nov. 1, 2025 through Oct. 31, 2027, the 80% withdrawal ratio will apply. The amounts from the two periods will then be summed to determine the applicant’s total withdrawal. (Xinhua)