In 2020, in Hainan Island, China, the utilization of housing reserves improved, and the housing fund was increased to 14,212 billion yuan during the year. It raised 9,153 billion yuan; personal loans totaling 10.33 billion yuan were issued, and the utilization rate and personal loan rate reached 94.1% and 86.6%, respectively.
According to statistics from the Provincial Fund Management Bureau, in 2020, Hainan Province, China raised 14.212 billion yuan in housing funds, up 892 million yuan, or 6.70%, over the previous year. The accumulated deposits amounted to 110,215 billion yuan, and the balance in deposits was 48,382 billion yuan, up 18% over the previous year. The actual number of housing deposits in the province that year was 1,104,200, up 280,000 from the previous year, or 2.11%.
According to reports, during the Thirteenth Five-Year Plan, the Hainan Provincial Housing Fund, China played its full role in supporting economic and social development, servicing the general situation and providing livelihoods.
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