[Housing Provident Fund in Hangzhou Can Be Used to Directly Pay Down Payment for Home Purchase] According to "Hangzhou Release," to alleviate the pressure on down payment for home purchase for employees contributing to the Housing Provident Fund, the Hangzhou Housing Provident Fund Management Center has launched a service allowing the direct use of the Housing Provident Fund to pay the down payment for home purchase. Employees contributing to the fund who purchase newly-built commercial housing in Hangzhou can use their provident fund to directly pay the down payment, with full support for online processing. The online processing function for second-hand homes is currently under development and will be launched soon.