Abstract:

Housing provident fund took the lead in the reform of the housing distribution system. However，with the further
development of social economy，the existing housing provident fund system doesn’t apply to the present situation. After the
end of two sessions on 13th March 2014，people in mounting numbers voice growing concern over the controversial system: the
phenomenon of“rob the poor and assist the rich”. This paper analyzes the causes of the phenomenon，explores the development
path of housing fund，and presents the following ways to improve China’s provident fund system: resetting the contribution
rate and enlarge the coverage of housing provident fund，optimizing investment of the fund in a multi-channel portfolio，and
utilizing reasonably the added value of the fund. We hope all these ways would meet the needs of urbanization and make housing
provident fund beneficial to citizen

Key words: horsing provident fund；fairness；&ldquo, robbing the poor and assisting the rich&rdquo, ；housing distribution system；provident
fund management