Housing provident fund includes the following five aspects:

Housing provident fund is only established in cities and towns, and the housing provident fund system is not established in rural areas;

Only on-the-job employees can establish a housing provident fund system. Urban unemployed residents and retired workers do not implement the housing provident fund system;

The housing accumulation fund consists of two parts, one part is paid by the unit where the employee works, and the other part is paid by the individual employee. After the employee's individual deposit is withheld by the unit, it will be deposited into the individual account of the housing provident fund together with the unit deposit;

The deposit of housing provident fund is long-term. Once the housing provident fund system is established, employees must pay continuously according to the regulations during their employment. Except for the retirement of employees or other circumstances stipulated in the Regulations on the Management of Housing Provident Fund, it shall not be suspended or interrupted, which embodies the stability, unity, standardization and compulsion of housing provident fund.

Housing accumulation fund is the individual housing savings fund of employees, which is specially used for housing consumption expenditure.