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"Shenzhen Housing Provident Fund Management Measures" Issued, Individual Contribution Ratio Can Be Adjusted
People’s Financial News, March 16 — The Shenzhen Municipal People’s Government has issued the “Shenzhen Housing Provident Fund Management Measures.” The Measures specify that, in principle, employees’ individual contributions to the housing provident fund should be consistent with the contribution ratio of their employers. Employees who voluntarily choose to increase their contribution ratio can select a higher rate than their employer’s, but not exceeding the national limit. Within each housing provident fund year, employers and employees can adjust the contribution ratio once.