Analysis of the Impact of China's Housing Provident Fund on Housing Consumption and Economy

Abstract

Housing Provident fund is an institutional fund pool established by the Chinese government specifically for housing consumption. This article aims to analyze the impact of China's housing provident fund on housing consumption and the economy. By studying the operating mechanism, policy implementation, and economic data of the housing provident fund, we conclude that the fund plays a positive role in promoting housing consumption, increasing housing purchasing power, promoting the development of the real estate market, and is of great significance for economic growth and social stability.