When will Xuchang City be able to transform into a public company through negotiation?

As of December 1, 2022, Xuchang City cannot transfer from commercial to public. According to relevant information inquiries, as of December 1, 2022, Xuchang City Center cannot carry out the business of converting commercial bank personal housing loans into provident fund personal housing loans. Business-to-public transfer means: commercial bank personal housing loan to provident fund personal housing loan. This business involves the transfer of claims and debts, and the prerequisite must be that the original loan-issuing bank agrees to transfer the claims. Our center has communicated with commercial banks many times, and the relevant banks have stated that they do not conduct commercial-to-public transfer business. Since the Center has no jurisdiction over commercial banks, it cannot force them to carry out relevant financial services. At the same time, the city's provident fund personal loan ratio has continued to run at a high level of over 95 recently, and liquidity is still tight. In accordance with the relevant provisions of the "Regulations on the Administration of Housing Provident Funds", the surplus funds of the provident fund must be given priority to ensure that the employees who deposited the funds can withdraw and meet the immediate needs of house purchase through provident fund loans.