Notice of Shanghai Municipality on Certain Issues Concerning Individual Housing Provident Fund Loans for Employees Working in Shanghai Who are Expatriates and Have Obtained Permanent (Long-Term) Right of Residence Abroad

Shanghai Housing Provident Fund Management Committee [2020] No. 7

Shanghai Provident Fund Management Center:

With a view to giving more play to the role of the housing provident fund system in providing access to housing to employees working in Shanghai who are expatriates and have obtained permanent (long-term) right of residence abroad, in accordance with the relevant provisions of the Regulations on the Administration of the Housing Provident Fund released by the State Council, and in light of the current situation of this Municipality, the following matters are hereby notified:

1. Where an employee who is an expatriate or has obtained permanent (long-term) right of residence abroad applies for an individual housing provident fund loan, the eligibility, conditions, loan quota, loan period, mortgage interest rate and the standards for determining the number of housing units shall be determined as per the prevailing regulations of this Municipality.

2. Employees who are expatriates and have obtained permanent (long-term) right of residence applying for individual housing provident fund loans shall provide a Chinese translation of their names in compliance with regulations in addition to valid identification documents, relationship proofs, housing purchase documents and other materials for applying for individual housing provident fund loans.

This notice shall come into effect as of December 20, 2020.

Shanghai Housing Provident Fund Management Committee

November 12, 2020