住房公积金运作的公平性损失及其改进对策──基于住房公积金运作模型

Fairness Loss of Chinese Housing Accumulation Fund and Improvement──Based on Balance Model of Income and Expenditure

根据中国住房公积金运作非营利这一特性建立住房公积金收支平衡模型,通过各变量的互动分析得出结论:增值保值投资额、公积金缴存余额和公积金贷款余额与公积金存贷款利率存在一定的互动关系。而中国目前实施利率管制,使公积金增值收益不能返还储户,同时造成管理费用和风险准备金的提取有失公平。应当从利率自由化、与绩效挂钩的管理费用和反映真实损失的风险准备金三个方面进行改进。

As Housing Accumulation Fund runs in non-profit, balance model of income and expenditure can be established. After analyzing the interaction between variables, the following conclusion is drawn: there is interactive relationship between investment for maintenance and appreciation of values, outstanding of deposits, outstanding of loan, deposit rate and loan rate. But the current control of interest rate make the appreciation revenue of Housing Accumulation Fund can not be returned to customers. At the same time, the management fees and risk reserve are unfairly extracted. Improvement should be made from the three aspects: the liberalization of interest rate, management fees related to performance and loan loss provision reflecting the true Risks.