Notice in relation to Matters on Interest Subsidies for Housing Provident Fund in the Municipality
14 March 2025
The Management Committee of Shenzhen Municipal Housing Provident Fund (“the authorities”) issued the “Notice in relation to Matters on Interest Subsidies for Housing Provident Fund in the Municipality” (“the Notice”) on 14 March 2025. The authorities proposed that employees who have contributed to the housing provident fund for a cumulative period of more than one year and have not previously utilized housing provident fund loans are eligible to receive interest subsidies when withdrawing funds upon account closure. For employees with a cumulative contribution period of over 10 years, a subsidy amounting to 20% of the base amount will be granted.