Study On Management Of Housing Accumulation Funds

Since the time when housing-accumulation fund system was first implemented in Shanghai, housing-accumulation fund system has gotten a history of 15years. The State Department gave birth to the byelaw of housing-accumulation fund system on April of 1999, which confirmed the principles of housing-accumulation fund management. The principles are that the housing-accumulation fund management committee should make the decisions, the management center should carry out the principles, and the bank should establish special accounts and the department of finance should supervise those operations. During recent years, the deposits of the housing-accumulation are increasing gradually, and related cases are also appearing, which proves that the improvement and perfection for the housing-accumulation fund management system are becoming urgent.By quoting the theory of group decision making from Stephen P. Robbins and combining it with the characteristics of Chinese culture and the practice of housing-accumulation fund management, this paper analyzes the limitation of the decisions made by the housing-accumulation fund management committee. By analyzing the Thailand Government Housing Bank, the French housing savings and fund system of Singapore, this paper compares those two typical management modes existing in the system of our system nowadays, and inaugurates that the housing-accumulation fund management system should be improved, the National Housing Bank should be established with artificial person status as a financial enterprise, the housing-accumulation fund management mode should be uniformed nationwide, and the principles for gathering, loaning, accounting and operating should be uniformed, in order to elevate the level of housing-accumulation fund management.Based on these, this paper makes a further research on the gathering, loaning and the increasing in the practical operation of the housing-accumulation fund. By analyzing the inconvenience and risk of the official agencies'gathering and loaning from bank, the local imbalance of housing-accumulation in operating, and the risk in buying national debt by using housing-accumulation fund, this paper further proves the necessity for legislating for the fund, proves the urgency for establishing National Housing Bank with artificial person status as a financial enterprise, and provides a direction for improving the housing-accumulation fund management.