Logically speaking, public maintenance funds belong to the owners and should be decided by the owners themselves.

Nowadays, all localities are basically managed by the Housing Authority.

The property maintenance fund management regulations stipulate that in a community where an owners committee has been established, the owners committee should set up a special account in a designated bank, transfer the maintenance funds to the special account, and use them in accordance with regulations. The relevant departments of the housing management bureau shall supervise.

But in reality, development is very uneven across regions, with Beijing, Shanghai and Guangzhou doing better.

In other areas, it is difficult to achieve management by property committees.

Since the Owners Committee is a loose, completely spontaneous organization with an unstable organizational structure, there are currently not many Owners Committees that can last for a long time and operate well, so such a large amount of money is handed over to an extremely unstable organization.

Management is a real concern.