Shenzhen releases the 2025 Housing Provident Fund Annual Report: Total accumulated funds surpass 1 trillion yuan

On March 31, Shenzhen Housing Provident Fund Management Center released the “Shenzhen Housing Provident Fund 2025 Annual Report” (abbreviated as the “Report”). The data show that in 2025, Shenzhen had 7.2937 million housing provident fund deposit employees, with 130.095 billion yuan in housing provident fund deposits and a cumulative amount of collected funds exceeding 1 trillion yuan, 118.467 billion yuan in withdrawals from the housing provident fund, and 48.903 billion yuan in personal housing provident fund loans issued.

Meanwhile, Shenzhen’s housing provident fund deposit business has been growing steadily. In 2025, 44,300 new account units were added, and 898,100 new account individuals were added. Withdrawal-related operations saw strong growth; over the year, the program supported 4.8767 million employees to withdraw funds totaling 118.467 billion yuan, representing a year-on-year increase of 14.35%.

In terms of supporting employees with renting housing, the housing provident fund withdrawal support policy has been included in Shenzhen’s citywide consumption-boosting special action “39 Measures.” Starting November 1, 2025, employees without housing across the city can withdraw 80% of their monthly required deposit amount within two years; the preferential policy for rental withdrawals for families with multiple children continues as well—eligible families can withdraw 100% of their monthly required deposit amount or withdraw based on the actual rent. In supporting employees in purchasing homes, the withdrawal scenarios cover the entire chain of employee home buying. During home purchases, “down payment withdrawal” and “tax payment withdrawal” are added to ease employees’ housing purchase pressure. After the new policy was implemented in December 2025, in just half a month it supported employees to withdraw 125 million yuan of housing provident fund.

Data show that in the number of loans issued, the proportion of purchases of newly built homes is 60.62%, the proportion of purchases of first homes is 88.37%, and the proportion of borrowers aged between 30 and 40 years old (inclusive) is 60.33%. Shenzhen’s housing provident fund loans mainly support middle-aged and young groups in purchasing first homes for self-occupancy.

In March 2025, Shenzhen issued the “Supplementary Provisions on the Implementation of the ‘Shenzhen Housing Provident Fund Loan Management Regulations’,” further increasing the maximum quota for housing provident fund loans and stepping up support for purchasing first homes, affordable housing, and homes purchased by multi-child families. After the new policy took effect, individuals can apply for up to 1.26 million yuan at most, and families can apply for up to 2.31 million yuan at most. The Report shows that after the implementation of the loan new policy, the proportion of loans that meet the first-home uplift condition reached 95%, and the proportion of loans that meet the multi-child family uplift condition was 31%, alleviating the repayment pressure faced by Shenzhen’s households with urgent housing needs and multi-child families.

In addition, in recent years, the Shenzhen Provident Fund Center has continued to expand the scope of cross-regional cooperation. In June 2025, it signed cooperation agreements with five cities: Zhuhai, Shantou, Jiangmen, Chaozhou, and Jieyang. To date, it has established housing provident fund cooperation relationships with 10 cities in the province (in 2024, it signed cooperation agreements with Meizhou, Huizhou, Shanwei, Dongguan, and Zhongshan).