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The Chinese Housing Provident Fund


Author Info

  • Richard J. Buttimer Jr.

    (The Belk College of Business Administration, the University of North Carolina at Charlotte, Department of Finance and Business Law, 340B Friday Building, 9201 University City Boulevard, Charlotte, NC 28223-0001)

  • Anthony Yanxiang Gu

    (State University of New York, Geneseo, 115 D South Hall, 1 College Circle, Geneseo, NY 14454)

  • Tyler T. Yang

    (IFE Group, 51 Monroe Street, Plaza E-6, Rockville, MD 20850, (301) 309-6561)


The Chinese government has embarked upon an effort to reduce the number of tenants living in publicly owned housing. This is a significant challenge for any government, but may be especially so for a country where private homeownership is a new option. Out of concern that many of its citizens could not afford to purchase their housing units, the Chinese government created the Housing Provident Fund. This program, which is similar to housing fund programs in other countries such as Thailand and Singapore, combines a 401(k)-like savings and retirement account with subsidized mortgage rates and price discounts to provide a mechanism through which an employee could save for, and eventually complete, a housing purchase.

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Bibliographic Info

Article provided by Asian Real Estate Society in its journal International Real Estate Review.

Volume (Year): 7 (2004)
Issue (Month): 1 ()
Pages: 1-30

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Handle: RePEc:ire:issued:v:07:n:01:2004:p:1-30

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Postal: Asia Real Estate Society, 51 Monroe Street, Plaza E-6, Rockville, MD 20850, USA
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Postal: Asian Real Estate Society, 51 Monroe Street, Plaza E-6, Rockville, MD 20850, USA

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  1. Tse, Chung Yi & Leung, Charles Ka Yui, 2002. "Increasing Wealth and Increasing Instability: The Role of Collateral," Review of International Economics, Wiley Blackwell, vol. 10(1), pages 45-52, February.
  2. Dennis R. Capozza & Patric H. Hendershott & Charlotte Mack & Christopher J. Mayer, 2002. "Determinants of Real House Price Dynamics," NBER Working Papers 9262, National Bureau of Economic Research, Inc.
  3. Kan, Kamhon, 2000. "Dynamic Modeling of Housing Tenure Choice," Journal of Urban Economics, Elsevier, vol. 48(1), pages 46-69, July.
  4. Charles Ka-Yui Leung & Chung Yi Tse, 1998. "Fixed Cost, Saving and Technology Choice," Departmental Working Papers _106, Chinese University of Hong Kong, Department of Economics.
  5. Yanxiang Anthony Gu & Peter F. Colwell, 1997. "Housing rent and occupational rank in Beijing and Shenyang, People's Republic of China," Journal of Property Research, Taylor & Francis Journals, vol. 14(2), pages 133-143, January.
  6. Artle, Roland & Varaiya, Pravin, 1978. "Life cycle consumption and homeownership," Journal of Economic Theory, Elsevier, vol. 18(1), pages 38-58, June.
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Cited by:
  1. Hiroshi Sato & Terry Sicular & Ximing Yue, 2011. "Housing Ownership, Incomes, and Inequality in China, 2002-2007," University of Western Ontario, CIBC Centre for Human Capital and Productivity Working Papers 201112, University of Western Ontario, CIBC Centre for Human Capital and Productivity.
  2. Claude Taffin & Roy Friedemann & Kim Kyung-Hwan, 2011. "Strategic Reorientation of the Housing Provident Fund System in the People's Republic of China," World Bank Other Operational Studies 12780, The World Bank.


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