Shanxi province in China is adjusting its housing provident fund policies to reduce home-buying costs and ease withdrawal conditions. Effective May 10, 2026, the maximum loan term for individual housing provident fund loans will be extended to 30 years, with the loan maturity not exceeding the borrower's 68th birthday. The province is also modifying rules for converting commercial mortgages to provident fund loans and allowing provident fund withdrawals for home purchases using contracts or property certificates issued within the last five years, capped at the actual purchase price. AI
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RANK_REASON Policy change related to housing finance, not core AI. [lever_c_demoted from research: ic=1 ai=0.1]