Taffin, ClaudeFriedemann, RoyKyung-Hwan, Kim2013-03-152013-03-152011-07https://hdl.handle.net/10986/12780The objective of this report is to respond to the request of the Ministry of Housing and Urban-Rural Development (MOHURD), to assess the Housing Provident Fund (HPF) system, and provide recommendations on its positioning, strategy and future role in the overall housing policy. The report focuses on a strategic review of the HPF system and its strategy, mission, and operational structure, and then analyses the market in which the individual HPFs operate. It provides recommendations on the realignment of the HPF system in view of the changed market conditions. The recommendations encompass the overall policy goal of the HPF system, including regulation and supervision, modifications to the current products offered by the HPFs, and improvements in the operational structure (e.g. organizational set-up, technical capabilities of management and staff, liquidity and risk management). The report concludes by citing international experiences with housing provident systems/credit linked savings systems in order to highlight useful links with the Chinese HPF system.en-USCC BY 3.0 IGOACCOUNTINGADMINISTRATIVE COSTSAFFORDABILITYAFFORDABLE HOUSINGALLOCATION OF FUNDSAPPROVAL PROCEDURESARREARSASSET-LIABILITY MANAGEMENTAUCTIONBALANCE SHEETBANK FINANCINGBANK LOANBANK RATESBANKING SYSTEMBASIS POINTSBORROWERBORROWINGSBRANCH NETWORKBUSINESS CYCLESBUSINESS MANAGEMENTCADASTRECAPITAL MARKETCASH FLOWSCASH TRANSACTIONSCOMMERCIAL BANKCOMMERCIAL BANKSCOMMERCIAL LOANCOMMERCIAL LOAN RATECONTRACTUAL SAVINGSCORPORATE GOVERNANCECORRUPTIONCOST OF CREDITCREDIT OPTIONCREDIT RISKCREDITSCREDITWORTHINESSCROSS-SUBSIDIESDEBTDEBT COLLECTORSDEDUCTIBLEDEPOSITDEPOSITSDISBURSEMENTDISPOSABLE INCOMEDIVERSIFICATIONDOWN PAYMENTE-GOVERNMENTECONOMIC GROWTHECONOMIES OF SCALEEMPLOYEEEMPLOYEREMPLOYERSENFORCEMENT POWERSEQUAL ACCESSEXPENDITUREFAMILIESFINANCESFINANCIAL ADVANTAGESFINANCIAL ASSETSFINANCIAL CRISISFINANCIAL INSTITUTIONFINANCIAL INSTITUTIONSFINANCIAL INSTRUMENTSFINANCIAL MANAGEMENTFINANCIAL MARKETFINANCIAL PERFORMANCEFINANCIAL RISKFINANCIAL RISKSFINANCIAL SUSTAINABILITYFIXED RATEFLEXIBLE REPAYMENTFLOATING RATESFUND MANAGEMENTFUNDING POOLFUNDING SOURCEFUNDING SOURCESFUTURE LOANGOVERNMENT POLICIESGOVERNMENT SECURITIESGUARANTEED ACCESSHOME BUYERSHOME LOANSHOME PURCHASEHOME PURCHASESHOUSEHOLD INCOMEHOUSEHOLDSHOUSING FINANCEHOUSING LOANHOUSING LOANSHUMAN RESOURCEINCOME GROUPSINCOME TAXINDIVIDUAL LOANINFLATIONINITIAL LOANINSTRUMENTINTEREST RATEINTEREST RATE REGIMEINTEREST RATE RISKINTEREST RATESINTEREST SUBSIDYINVESTMENT FUNDSLAND MARKETLAND OWNERSHIPLEGAL TOOLLENDERSLENDING LIMITSLENDING POLICIESLIABILITYLIQUIDITYLIQUIDITY CRISISLIQUIDITY MANAGEMENTLIQUIDITY RATIOSLIQUIDITY RISKLOAN AMOUNTLOAN AMOUNTSLOAN APPLICATIONSLOAN APPROVALLOAN CONDITIONSLOAN CONTRACTLOAN DEFAULTSLOAN DEMANDLOAN DOCUMENTATIONLOAN MATURITYLOAN OFFICERLOAN PERIODLOAN PORTFOLIOLOAN PORTFOLIOSLOAN PRODUCTLOAN PRODUCTSLOAN REPAYMENTLOAN REQUESTLOAN REQUESTSLOAN TERMLOAN UNDERWRITINGLOAN VOLUMESLOAN-TO-DEPOSIT RATIOLOAN-TO-DEPOSIT RATIOSLOCAL GOVERNMENTSLONG-TERM FUNDINGMARKET CONDITIONSMARKET DEVELOPMENTMARKET INTEREST RATESMARKET MECHANISMSMARKET PRICEMARKET PRICESMARKET SHAREMARKET SHARESMARKETING STRATEGIESMATURITIESMATURITY MISMATCHMAXIMUM LOAN AMOUNTMAXIMUM LOAN AMOUNTSMEDICAL EXPENSESMIGRANT WORKERSMINIMUM WAGEMONETARY AUTHORITYMORTGAGEMORTGAGE FINANCINGMORTGAGE INTERESTMORTGAGE INTEREST RATESMORTGAGE LENDERMORTGAGE LENDERSMORTGAGE LENDINGMORTGAGE LOANMORTGAGE LOANSMORTGAGE MARKETMORTGAGE MARKETSNOMINAL INTEREST RATESNON-PERFORMING LOANSNOTARYOPPORTUNITY COSTOPPORTUNITY COSTSOUTSTANDING LOANOVERDUE LOANSPARTNER BANKPARTNER BANKSPENSIONPENSION FUNDPENSION FUNDSPERSONAL SAVINGSPREPAYMENTPREPAYMENT RISKPRIVATE ENTERPRISESPRIVATE LENDERPRIVATE LENDERSPROFITABILITYPROPERTY MARKETSPROPERTY TAXPROVISIONING RULESPURCHASING POWERRATES OF RETURNREAL ESTATEREGULATORY AUTHORITYREGULATORY FRAMEWORKREGULATORY OVERSIGHTREGULATORY STRUCTUREREPAYMENTREPAYMENT PERIODREPAYMENT RATEREPAYMENT SCHEDULEREPAYMENTSRESERVESRESIDENTIAL LOANSRISK CONTROLRISK DIVERSIFICATIONRISK MANAGEMENTSAVINGSSAVINGS ACCOUNTSAVINGS ACCOUNTSSAVINGS PRODUCTSAVINGS PRODUCTSSAVINGS RATESSOCIAL SECURITYSOLVENCYSTABLE INTEREST RATESUBSIDIZATIONSUPERVISORY AUTHORITIESSUPERVISORY BOARDTAX EXEMPTIONTERM DEPOSITTRADE UNIONSTRANSPARENCYTREASURYTREASURY BONDSTURNOVERUNEMPLOYMENTUNEMPLOYMENT INSURANCEUNIONURBAN AREAURBAN AREASURBAN CREDITWITHDRAWALWITHDRAWAL OF FUNDSWorld Bank10.1596/12780