"Shenzhen Housing Provident Fund Management Measures" Issued, Personal Deposit Ratio Can Be Adjusted

The People's Government of Shenzhen City issued the "Shenzhen Housing Provident Fund Management Measures". The "Management Measures" specify that employees can voluntarily apply to increase their personal contribution ratio on top of the unit's contribution ratio in order to obtain a higher housing provident fund loan amount and enhance their own housing consumption ability. The adjusted personal contribution ratio shall not exceed 12%. Within each housing provident fund year, employees can adjust their personal contribution ratio once. Employees who have the need to handle this can submit an application to their unit's special handling officer, who will handle the adjustment procedures uniformly.