Provident individuals always save for emergencies.
谨慎的人总是为紧急情况储备。
She is a
provident housewife who manages the family budget wisely.
她是一位理财有道的家庭主妇，明智地管理家庭财务。
The company provides a
provident fund for its employees.
该公司为员工提供了一项公积金计划。
Provident planning is essential for a secure retirement.
预见性规划对于安全退休至关重要。
His providence saved them from financial ruin.
上帝的眷顾使他们免于经济崩溃。
The government launched a
provident scheme to help low-income families.
政府推出了一个帮助低收入家庭的救助计划。
Providential coincidences often lead to unexpected opportunities.
神奇的巧合常常带来意想不到的机会。
She was grateful for the providence that brought her together with her soulmate.
她感激命运让她遇见了她的灵魂伴侣。
A
provident farmer knows to rotate crops to maintain soil fertility.
精明的农民懂得轮作作物以保持土壤肥力。
His providence was tested when he lost his job, but he remained optimistic.
当他失业时，他的韧性受到了考验，但他依然保持乐观。
He Gang, chief operating officer of Huawei's consumer business group, said at the conference Alibaba's online payment tool Alipay has formally joined the HarmonyOS ecosystem, which will provide users with more intelligent and convenient services such as online payment, medical insurance enquiry and provident fund enquiry.
华为消费者事业部首席运营官何刚在发布会上表示，阿里巴巴的在线支付工具支付宝已正式加入HarmonyOS生态系统，将为用户提供更智能、更便捷的在线支付、医保查询、公积金查询等服务。
For example, rent-related public services, such as school enrollment, provident fund withdrawal and financial insurance services will be offered by Tencent Cloud, Tencent's cloud computing arm, to help residents live more conveniently.
com, JD Finance and Provident Capital, which is also JD.
com Inc, China's second biggest e-commerce player, JD Finance, Thailand's largest retail conglomerate Central Group and Provident Capital announced on Friday an aggregate investment of up to $500 million to establish two joint ventures in Thailand covering e-commerce and financial tech services.
Under the terms of the agreement, half of the investment will come from Central Group, with the remainder coming from JD, JD Finance and Provident Capital - which is also JD's strategic partner for its Indonesian e-commerce business.
The country should also issue housing consumption vouchers to the unemployed and low-income youth groups, allow the use of housing provident funds for the purchase of home appliances and services, and increase credit support for education, healthcare and other services consumption, she said.
The loan interest rates of the housing provident funds for these buyers have also been cut, dropping 0.15 percentage points.
- China's central bank announced on Friday that it would cut the loan interest rates of the housing provident fund for first-home buyers by 0.15 percentage points.
The housing provident fund is a long-term housing savings plan made up of compulsory monthly deposits by both employers and employees.
As of July 20, almost 1.4 million employees have benefited from a phased supportive policy on deferring the payment of housing provident fund contributions, according to the Ministry of Housing and Urban-Rural Development on Thursday.
Companies affected by the epidemic can apply for postponing the payment of housing provident fund contributions and make the payment afterward, the circular said.
As for policies concerning people's livelihoods, China will implement support policies for housing provident funds, bolster the employment and entrepreneurship of rural migrant population and rural labor, and enhance social security guarantee measures.
"We will implement various steps to boost assistance for micro and small and medium-sized businesses, including allowing deferred, reduced and refund payments of rent, taxes, social insurance, housing provident fund, utility bills and other expenses," Huang said during a press conference on Tuesday evening.
According to Yang, both Guangzhou and Shenzhen have implemented several new measures in the past week, including raising the proportion of housing provident fund loans, loosening the price cap on land bidding and lowering the payment ratio.
Beijing adjusted polices of housing provident fund loans on Wednesday as part of an effort to loosen restrictions on house purchases.
Under the new rules, if a borrower, including co-applicants, does not have housing in Beijing and has no record of housing provident fund loans nationwide, provident fund loans can be used for the first house.
Previously, even if a borrower has no house in Beijing, if he or she has had a mortgage loan anywhere in the country — even a commercial loan from a bank or a housing provident fund loan — he or she was not eligible for the first-house policy of the housing provident fund.
Housing provident fund loans are part of the social security system in China.
Under current policy, the definition of a second house in Beijing will be that the borrower either has a house in Beijing already or has no housing but has a housing provident fund loan record nationwide — or both.
Since June, the policies have allowed people to use their housing provident funds — which provide key financial support — paid in Beijing for buying or renting apartments in Xiong'an.
"For instance, authorities (in first-tier cities) could step up support for people using provident funds to buy homes, accelerate the implementation of ownership transfers of mortgaged homes without requiring the paying off of the original loans, and qualify buyers owning no residential property as first-time buyers to enjoy favorable mortgage rates," she said.
In Haiyan, under Zhejiang province's Jiaxing city, the local provident housing fund management center has recently, using credits from the public provident fund, or PPF, launched seven types of personal credit products through data sharing and credit cooperation to provide more housing loan options for white-collar workers and depositors.
"We hope to roll out more innovative and service-oriented measures to better meet the demands of depositors," said Zhang Yong, deputy director of the Jiaxing Municipal Housing Provident Fund Management Center.
In Jinhua, central Zhejiang, the local authorities announced on Thursday that starting three days later, the maximum loan amount of the housing provident fund will be marginally increased, further enhancing support for home purchases and better meeting the rigid and improved housing needs of Jinhua's residents, promoting the healthy and stable development of the local real estate market.
Statistics from the Zhejiang Provincial Department of Housing and Urban-Rural Development show that last year, a total of 192,100 personal housing provident fund loans were granted in the province, totaling 101.87 billion yuan.
Through the issuance of housing provident fund loans, home buyers saved a total of 17.125 billion yuan in interest payments.
The city relaxed certain conditions and maximum housing provident fund withdrawal limits for rent payments.
For its part, the PBOC announced a 0.15 percentage point cut to interest rate on housing provident fund loans availed to buy first homes.
The policies the central government introduced at the end of September, including home loan interest rate cuts for first-time buyers in eligible cities, and cuts to interest rates under the housing provident fund for first-time buyers, as well as income tax relief for qualified homebuyers within a set time frame have boosted market confidence, and will encourage firm demand for upgraded living," said Chen Xiao, a senior analyst with the Zhuge Real Estate Data Research Center.
Also on Sept 30, the central bank said it would lower interest rates for housing provident fund loans by 0.15 percentage point for first-time homebuyers starting from Oct 1, while those for second-home buyers remain unchanged.
These measures include refunding taxes for those who purchase residential properties within a year of selling previously owned residential assets, as well as lowering interest rates for housing provident fund loans for first-time homebuyers.
The People's Bank of China, the central bank, said on Friday that the interest rate for housing provident loans will be lowered by 0.15 percentage point for first-time home buyers starting from Saturday, whilst that of second-home stays unchanged.
It is recommended to further reduce mortgage interest rates nationwide and moderately reduce the provident fund loan interest rate.
- China has actively rolled out targeted measures such as relaxing restrictions on purchases or sales, adjusting housing provident fund policies, and lowering mortgage interest rates to better cater to the residential buying market, and boost the development of the property market.
For cities, especially third- and fourth-tier ones, with no house purchasing restrictions, adjusting housing provident fund policies is an effective way to shore up demand.
At least 70 Chinese cities have released nearly 100 housing provident fund adjustment policies so far this year, focusing on enhancing the quota and lowering the down payment proportion of provident fund loans, according to the China Index Academy.
Chen Wenjing, director of research at the academy, believes that more cities will optimize relevant policies to strengthen the guarantee function of the housing provident fund.
Cities including Zhengzhou and Fuzhou have unveiled incentives including lowering the down payment proportion, providing support via provident fund loans, and cutting mortgage loan interest rates to ease the property market strain.
Their measures include eased restrictions on purchases, raised loan limits, eased sales curbs, lower down payment amounts, and cuts to home loan interest rates, all lending support for provident fund loans and more, data from the Zhuge Real Estate Data Research Center showed.
As of April 20, more than 85 cities had eased their home buying regulations, with measures ranging from looser purchasing restrictions, loan limitations and sales curbs to lowering the down payment proportion, cutting home loan interest rates, providing support via provident fund loans, and others, according to calculations by the Zhuge Real Estate Data Research Center.
Such measures included loosening purchase restrictions, loan limits and sales curbs, lending support to provident fund loans and adjusting mortgage interest rates.
These include lowering the down payment ratio, offering home purchase subsidies and loosening the grip on provident fund loans, said economist Ren Zeping, an online influencer who is the former chief economist of debt-laden property giant Evergrande.
Sales volume, however, has grown mildly in comparison with growth in the same period of 2017 and 2019, showing market confidence is getting boosted, thanks to measures like local governments' specialized policies, provident fund loans, loans borrowed from commercial banks and favorable housing policies to attract talent, Pan said.
Down payments have been cut to 30 percent for second homes since March in Nanning, capital of the Guangxi Zhuang autonomous region, according to a notice published on the official website of the city's housing provident fund loans management center.
In October alone, 67 housing regulatory policies were introduced, focusing on preferential treatment for skilled workers, housing provident funds and rental housing.
He displayed the model's generative skills to produce advertising posters and videos, tested its reasoning abilities with math problems, displayed understanding skills by asking about housing provident fund loan policies and evaluated its memory skills by letting it write a martial arts novel in real time.
The card can be used as a bank card for withdrawing housing provident funds in Jinan city.
- China issued over 1.18 trillion yuan ($166.1 billion) worth of mortgage loans from the housing provident fund in 2022, benefitting more home buyers, official data showed Thursday.
Residents in southern Chinese city Shenzhen, one of the first batch of e-CNY pilot cities, can pay for housing provident funds with the digital yuan.
Chinese authorities Tuesday rolled out a phased supportive policy on deferring housing provident fund contributions to help enterprises and individuals tide over difficulties amid the epidemic.
Enterprises affected by the epidemic can apply for postponing the payment of housing provident fund contributions under the rules and make the payment afterward, said a circular.
Beijing's comprehensive financial services network has so far integrated information about new urban residents in multiple categories, including eligibility and participation in the housing provident fund, social security and medical insurance.
Total deposits of China's housing provident fund reached 2.37 trillion yuan ($334.4 billion) in 2019, official data showed.
A total of 56.49 million people withdrew their provident fund last year, an amount of 1.63 trillion yuan, according to a report released by the Ministry of Housing and Urban-Rural Development, the Ministry of Finance and the People's Bank of China.
The housing provident fund mainly supports employees' basic housing demand and reduces the interest burden of housing loans for employees.
In addition, companies can apply to defer payments to the housing provident fund, while those undergoing severe difficulties due to the epidemic are eligible for the deferral of the three types of social insurance payments for as long as six months.
Taxpayers who earn less than 20,000 yuan a month will have a tax cut by over 49 percent, and for those with monthly salaries of 30,000 to 100,000 yuan (after the deductions of endowment insurance, unemployment insurance, medical insurance and provident fund) will see a cut from 7.8 percent to 36.1 percent, reported The Economic Observer.
New loans for home purchases are expected to rise by around 2 trillion yuan ($315.5 billion) a year in the near future, but the new loans that would be issued through the housing provident fund scheme, which is the major measure in China to reduce costs for buyers, would be only 1.1 trillion yuan a year, according to a recent report from the National Institute of Finance and Development, a government think tank.
"Khairul Azizi also said the market lacks Syariah compliance products, in which many institutional funds, such as the state pension fund Employees Provident Fund, are looking to invest in.
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