On July 2, the Putian City Housing Provident Fund Management Center of Fujian Province issued the \”Notice of the Putian City Housing Provident Fund Management Committee on Adjusting Housing Provident Fund Policies.\”
The document clarifies that Putian City’s maximum loan limit for housing provident funds is adjusted from 700,000 yuan to 800,000 yuan, and the maximum loan limit for unilateral deposits of housing provident funds remains unchanged at 500,000 yuan. Increase the provident fund loan limit for families with multiple children. For those who give birth to or raise two children or more, the maximum loan limit will be increased by 100,000 yuan based on the current maximum loan limit in this city (i.e., 900,000 yuan for dual-payment employees and 600,000 yuan for single-payment employees). million). 
At the same time, the formula for calculating the housing provident fund loan amount will be adjusted. The amount of the housing provident fund loan = the sum of the current housing provident fund account balances of the employee and his wife × 2 + the current monthly deposit amount of the borrower’s spouse × the total number of months from now to the statutory retirement date × 1 × liquidity adjustment coefficient. Adjusted to \”housing provident fund loan amount = the sum of the current housing provident fund account balances of the employee and his wife × 2 + the average monthly payment of the borrower\’s spouse in the 6 months before applying for the loan × the total number of months from now to the statutory retirement date × 1 ×Liquidity adjustment coefficient”.
Adjust the liquidity adjustment coefficient in loan limit calculation. The liquidity adjustment coefficient is dynamically adjusted in stages based on the personal loan utilization rate (including \”public transfer business\” subsidized loans, hereinafter referred to as the personal loan utilization rate) for three consecutive months:
(1) The original \”when the personal loan utilization rate is <75%, the liquidity adjustment coefficient = 1.5\" is adjusted to \"when the personal loan utilization rate is <75%, the liquidity adjustment coefficient = 2.0\".
(2) The original \”When 75% ≤ personal loan utilization rate ≤ 95%, the liquidity adjustment coefficient = 1\” is adjusted to \”When 75% ≤ personal loan utilization rate ≤ 90%, the liquidity adjustment coefficient = 1.5 \”. 
(3) The original \”When 95% < personal loan utilization rate ≤ 110%, the liquidity adjustment coefficient = 0.9\" is adjusted to \"When 90% < personal loan utilization rate ≤ 100%, the liquidity adjustment coefficient = 1.0 \".
(4) The original \”when the personal loan utilization rate is >110%, the liquidity adjustment coefficient = 0.8\” is adjusted to \”when the personal loan utilization rate is >100%, the liquidity adjustment coefficient = 0.8\”.
Original title: Putian, Fujian: Increase the provident fund loan limit, and increase the limit for childbirth and raising two children or more by 100,000 yuan
Source: The Paper
