Employees from Hong Kong, Macao to gain access to mainland housing fund

Updated 2017-12-19 10:00:18 Xinhua

Employees from Hong Kong and Macao will be granted equal rights to the housing provident fund on the Chinese mainland, the Hong Kong and Macao Affairs Office of the State Council announced Monday.

Employees from the two areas will be allowed to deposit and withdraw from the public provident fund and apply for housing loans as mainland residents do, according to a guideline issued by departments, including the Ministry of Housing and Urban-Rural Development.

Under current regulations, urban residents on the mainland, together with their employers, pay a portion of their incomes into the housing provident fund to be eligible for low-interest housing loans. The fund can also be used for rent and renovations.

The policy is among the latest of central government measures to create convenience for people from Hong Kong and Macao to develop mainland careers.

The education authority set up scholarships dedicated to students from Hong Kong and Macao to sponsor them to study on the mainland, with larger quotas and more money.

The National Social Science Fund will be also open to applicants from Hong Kong and Macao, who work in universities or scientific research institutions on the mainland.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58November 17 2018 19:39:06

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16November 17 2018 19:39:06

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18November 17 2018 19:39:06

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords