Residential maintenance funds are managed by the Beijing Residential District Management Office (hereinafter referred to as the Municipal District Office), and the Premises Bureau will deposit the maintenance funds collected into the bank account designated by the Municipal Finance Department. Commercial residential maintenance fund shall bear interest at the deposit rate during the escrow period.

Because according to Article 1 1 of the Measures for the Management of Special Maintenance Funds for Houses jointly issued by the Ministry of Construction and the Ministry of Finance, "before the establishment of the owners' meeting, the special maintenance funds for sold public houses shall be managed by the financial department of the people's government of the municipality, city or county where the property is located or the competent department of construction (real estate). The department responsible for the management of special maintenance funds for public housing shall entrust a local commercial bank as the special account management bank for special maintenance funds for public housing within its administrative area, and open a special account for special maintenance funds for public housing in the special account management bank. "

Therefore, the special maintenance funds paid by the owners will be deposited in the special account of residential maintenance funds, and the use and management of maintenance funds will follow the principle of "special account storage, owner's decision-making, earmarking and accounting to households".

Source of laws and regulations: Measures for the Administration of Residential Special Maintenance Funds