Wu Yidong and Wang Xianzhu: Accelerate the Digital Development of Housing Provident Fund and Empower Smart Provident Fund with Digital Provident Fund

Release time:2024-10-28Author: Wu Yidong and Wang Xianzhu

The report of the 20th National Congress of the CPC points out that we must achieve, maintain, and develop the fundamental interests of the people, and firmly grasp the most concerned, direct, and practical issues of the people's interests. Solving the people's urgent and difficult problems depends on the construction of a service-oriented government. A service-oriented government is a fundamental requirement for the modernization of national governance, and the digital transformation of housing provident fund is an essential part of building a service-oriented government. The Guiding Opinion on Accelerating the Digital Development of Housing Provident Fund issued by the Ministry of Housing and Urban-Rural Development proposes to accelerate the digital development of the entire system, so that the achievements of digital development can fairly benefit more and more depositors and units of housing provident fund.


In the context of the digital age which is rapidly developing, the digital transformation of housing provident fund is an inevitable requirement for implementing major decision-making arrangements, an important lever for building a smart provident fund, a key point to cope with the changes of the digital age, and a significant measure to achieve cost reduction, quality improvement, and efficiency enhancement. In recent years, various regional housing provident fund management centers have used high-standard institutional innovation as an engine to promote the digital development of housing provident fund through diversified measures. It helps to improve service efficiency, promote the transformation of government services, and thus achieve the modernization of government governance system and governance capacity.