Guangzhou Housing Provident Fund Management Center issued a notice easing
Withdrawal rules. Contributors may apply to withdraw their housing provider
fund balances to purchase owner-occupied housing anywhere in China. For
non-mortgage purchases within Guangzhou’s administrative area, withdrawals can
be applied for after payment of the purchase price. For non-mortgage purchases
outside Guangzhou, withdrawals can be applied for six months after payment. For
mortgage purchases, withdrawals can be applied after the housing loan is
disbursed and before the loan is fully repaid.