Established in February 2010, Shenzhen Housing Provident Fund Management Center is a public institution directly under Shenzhen Municipal Government.
Main duties:
1. To implement laws and policies on housing provident fund management; to formulate local regulations, rules and specific management methods and measures on housing provident fund management based on local conditions and implement them upon approval;
2. To make plans for the collection and use of housing provident fund and implement them upon approval by Shenzhen Housing Provident Fund Management Committee (hereinafter referred to as the management committee);
3. To compile reports on the implementation of plans and submit them to the management committee for approval;
4. To compile the annual budget and final accounts for housing provident fund and implement them after review of the municipal finance commission and deliberation by the management committee;
5. To record the payment, withdrawal and utilization of housing provident fund for employees;
6. To be responsible for unified accounting of housing provident fund;
7. To approve the withdrawal of housing provident fund and granting of personal housing provident fund loans and establish a personal housing provident fund loan credit system;
8. To propose the upper limit of housing provident fund loans and arrange for its implementation after deliberation by the management committee;
9. To review and handle applications for decrease in the contribution ratio of housing provident fund or delay in contribution upon approval by the management committee;
10. To be responsible for preserving the value of, appreciation and return of housing provident fund;
11. To propose the distribution plan for the appreciation income from housing provident fund, handle the application for write-off of housing provident fund bad debts, and arrange for their implementation after review by the municipal finance commission and deliberation and adoption by the management committee;
12. To propose the contribution ratio of housing provident fund and the upper limit of contribution base and arrange for the adjustment upon approval;
13. To commission commercial banks to handle financial services such as collection, loan and settlement; to guide, supervise and assess the housing provident fund services of the commissioned banks;
14. To supervise the establishment and contribution of housing provident fund and punish violations of regulations on housing provident fund management;
15. To compile the annual financial report for housing provident fund and publish the report after deliberation and adoption by the management committee;
16. To undertake other matters decided by the municipal government and the management committee.