In order to have access towards public opinions on the effect，fairness，transparency and normativity of the public accumulation fund system，we conducted questionnaire investigations on over 70 cities in China. The result shows that for citizens who have or have not contributed，none of them they know much about the system or the Regulations on Management of the Housing Public Accumulation Fund System and its amendment. Although most people consider the system effective，others still hold negative attitudes and consider it useless or much less effective，which means that large groups of people never really endorse the system. The majority of people think that usable range of this system is generally，relatively and very small，a considerable amount of people think that complexity of the fund loans reaches the medium level. Besides，nearly 85% of respondents know little about the history and membership of the fund system. The public cognition shown above reveals the disparity between government departments and the public during the improving process of the accumulative fund system，and that understanding this disparity is the key towards the amendment of the Regulations.