Study On The Use Efficiency Of Housing Accumulation Fund In Yang Quan

Housing accumulation fund system is one of the main finance security systems of policy housing in China at present. It is a kind of housing finance system that China establishes through innovation after studying the central provident fund system of Singapore, and it is also a kind of housing security system. Housing accumulation fund system in China has achieved very good results in safeguarding worker housing, but there are also many problems in its development due to a variety of factors. According to the actual situations in the region and the national policy, Yangquan Housing Accumulation Fund Management Center has made much improvement and exploration in the policy from the aspects of making reasonable deposit proportion of housing accumulation fund, expanding coverage, relaxing the restrictions of extraction and enhancing loan management. To do in-depth research on the use efficiency of current housing accumulation fund has important significance in grasping the development direction of housing accumulation fund system, reasonably adjusting the policy of housing accumulation fund, perfecting the housing accumulation fund system, and improving the housing security system.In the paper, the use efficiency of housing accumulation funds is mainly studied.To be specific, the use efficiency of housing accumulation funds in Yangquan is evaluated from the perspectives of the input and output of housing accumulation funds.The input of housing accumulation funds mainly derives from the deposited money of housing accumulation funds, showing the main output of housing accumulation funds mainly includes the extraction, loan, purchase of bonds, precipitation and value-added benefits. Thus, the use efficiency indexes that are used for the evaluation of housing accumulation funds can be divided into input indexes and output indexes. Next, the evaluation index system of the use efficiency indexes of housing accumulation funds is constructed.By combining with the specific data of housing accumulation fund of Yangquan,comparative analysis is conducted on the use of housing accumulation fund ofYangquan and Shanxi Province from the aspects of deposit, extraction, loans, purchase of bonds. The utilization rate, operating rate and deposition rate of housing accumulation fund in Yangquan are higher than those of the average level of Shanxi Province. However, there are also some problems, including lower use efficiency, and insignificant decrease of deposition rate. Thus, it is necessary to make more efforts in improving the use efficiency of the funds and reducing the deposition rate of the funds in the future. The weighting of the use efficiency indexes of the housing accumulation fund in Yangquan from 2008 to 2014 is determined through the entropy method. Then,the comprehensive scores of the use efficiency of the housing accumulation fund in Yangquan are obtained. In general, the use efficiency of housing accumulation fund has been on the rise since 2011. However, there are still some problems, such as low coverage rate, obvious fluctuation of loans, capital investment and the appreciation efficiency which need further improvement. To solve these problems, with the housing market, credit policy, the enthusiasm of the development enterprises and the consumer concept as the breakthrough point, the causes of low use efficiency of housing accumulation fund in Yangquan are analyzed. In addition, based on this, some suggestions are proposed, that is, to reduce the restrictive conditions on its use, expand coverage, increase business species of housing accumulation fund loan, create various repayment ways of interest on the loan and enlarge capital investment channels.