Society

Beijing raises threshold of housing fund

By Chen Ziyan (chinadaily.com.cn)
Updated: 2010-07-21 11:30

According to the Beijing Housing Accumulation Fund Administration Center, the upper limit of housing public accumulation funds in 2010 was raised from 2,682 yuan to 2,906 yuan a month, the Beijing Times reported Wednesday.

Housing public accumulation fund refers to the long term housing savings deposited by state organs, state-owned enterprises, urban collective enterprises, foreign-funded enterprises, urban private enterprises and other urban enterprises and public undertakings, as well as workers.