Is Beijing Housing Property Financing Guarantee Co., Ltd. a provident fund

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Beijing Zhongfang Real Estate Financing Guarantee Co., Ltd. is a state-controlled financing guarantee institution. It is a wholly state-owned company in Beijing, managed by Beijing SASAC, and the provident fund is the funds specially used for housing consumption stipulated by the state. Therefore, Beijing Housing Property Financing Guarantee Co., Ltd. is not a provident fund.