Notice from the Shenzhen Housing Provident Fund Management Center on issuing the Notice on Fulfilling the Adjustment Work on the Contribution Base and Contribution Proportion of Housing Provident Fund in 2019

11 June 2019

The Shenzhen Housing Provident Fund Management Center announced that effective from 1 July 2019, housing provident fund payers (ie. employers) should adjust their contribution bases to be within RMB 2,200 and RMB 27,927. The lower and upper limits of the contribution proportion for employers and employees will be 5% and 12% respectively.