I. Scope of Application:

An employee’s housing provident fund contribution base shall be adjusted once a year in accordance with the employee’s monthly average salary of the previous year. The contribution base shall be adjusted when an employer’s last housing provident fund contribution month is the last month of a housing provident fund year and when the number of its employees with regular housing provident fund contributions is greater than zero.

II. Application Materials:

The applicant shall provide relevant materials according to the base adjustment rules of that year.

III. Service Methods:

Offline:

Service outlets of China Construction Bank for the housing provident fund.

Online: 

Shanghai Housing Provident Fund Website (www.shgjj.com), “Shanghai Provident Fund” app, and “Government Online-Offline Shanghai” PC client.

IV. Processing Period:

Not more than five working days if the formalities are complete.

V. Notes:

The “Shanghai Provident Fund” app is applicable to the employers that have no more than 30 employees and have no additional housing provident fund accounts.