The Hefei Housing Security and Real Estate Administration, the Hefei Urban and Rural Development Bureau, the Hefei Municipal Bureau of Natural Resources and Planning, the Hefei Housing Provident Fund Management Center, and the Anhui Regulatory Bureau Office of the State Financial Supervision and Administration issued implementation opinions on implementing the “Notice on Improving the Commercial Housing Sales System”. Among them, it was mentioned that commercial housing projects with new loan contracts signed after August 28, 2026 will have a host bank system, and the host bank is a single real estate development loan bank or syndicated loan lead bank. Real estate development enterprises open a fund account with the host bank. During the life of the project, all funds related to the project, such as development loans, project own funds, and existing housing sales funds, should be included in the management of the fund account opened with the host bank. The Municipal Housing Provident Fund Management Center opens pre-sale funds and existing housing deposit supervision accounts at the project host bank to store pre-sale funds and existing housing deposits for supervised projects.

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