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@Shenzhen Employees Can Voluntarily Apply to Increase Personal Housing Fund Contribution Ratio Starting Next Month
Recently, the Shenzhen Municipal People’s Government issued the “Shenzhen Housing Provident Fund Management Measures” (hereinafter referred to as the “Management Measures”), which revise and improve the “Shenzhen Housing Provident Fund Interim Management Measures” implemented since December 2010.
The “Management Measures” clarify that employees can voluntarily apply to increase their personal contribution rate based on the unit’s contribution ratio to obtain a higher housing provident fund loan limit and enhance their housing consumption capacity. The adjusted personal contribution rate shall not exceed 12%. During each housing provident fund year (from July 1 to June 30 of the following year), employees can adjust their personal contribution rate once. Employees with a need for adjustment can submit an application to their designated unit officer, who will handle the adjustment procedures uniformly.
The new regulations will officially take effect from April 1, 2026.
(Reporter He Junru, CCTV)
[Source: CCTV News]