BEIJING, June 8th of Housing and Urban Department today released a notice on the adjustment of the housing provident fund deposit and lending rates, personal housing accumulation fund loan interest rates by 0.20 percentage points above the five-year, down from 4.90% to 4.70%; five-year period or less (including five years) personal housing accumulation fund loan interest rate cut by 0.25 percentage points, down from 4.45% to 4.20%.

In addition, since June 8, 2012, prior year balance of individual housing provident fund deposit rates cut by 0.25 percentage points, down from 3.1% to 2.85%; then the imputation of the individual housing provident fund deposit rates cut by 0.1 percentage points, down from 0.5% to 0.4%.

notice requirements to carry out the use of housing provident fund loans to support the construction of affordable housing pilot cities since June 8, 2012, lending rates in accordance with the five-year personal housing accumulation fund loan interest rates go up 10% execution.