# Fuzhou

China Recasts Its Housing Fund as a Tool to Unlock Trillions for Renovation, Rent and Urban Renewal

China is widening uses for its housing provident fund to mobilise roughly ¥10.9 trillion in deposits by allowing withdrawals for rent, renovations, property fees and urban‑renewal projects. Local pilots aim to spur consumption, speed up old‑neighbourhood upgrades and support housing affordability, while national signals suggest the reform will be phased in more broadly. The reforms could nudge domestic demand and help stabilise the property market, but they carry administrative, fiscal and targeting risks that policymakers must manage carefully.