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Inspection Team Sent by MHURD to Inspect HPF-Supported Security Housing Construction Projects in Shanghai
2013-03-15

A team of inspectors, sent by Ministry of Housing & Urban-Rural Development to Shanghai for supervisory inspection from 12th March through 15th over pilot project of security housing construction underpinned by loaned housing provident fund of the municipality, have given patently positive comments on achievements of Shanghai municipality credited with development of pilot projects, after they heard SPFMC’s report on HPF management and loaning projects, reviewed relevant documentation and inspected construction sites of of loaning projects such as the public rental housing Xinyue Apartments in Putuo District, and investigated circumstances of loaning projects, borrowers, use of and supervision over loaned fund and risks control.

Deputy Director of Municipal Construction & Transportation Commission Ni Rong and respective heads of municipal provident fund management committee and Municipal Finance Bureau joined in the inspection.