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Shanghai Provident Fund 12% or 7%
The proportion of provident fund in Shanghai has changed from 12% to 7%.

In the past few years, Shanghai's economy has developed rapidly and the level of social security has been continuously improved. However, the proportion of Shanghai residents' provident fund remained at the original 12%, which affected the income of Shanghai residents to some extent. In order to better improve people's livelihood and adjust the social security system, the relevant departments of Shanghai decided to change the proportion of Shanghai's provident fund to 7%.

The benefits of changing the proportion of Shanghai's provident fund: First, the proportion of Shanghai citizens' provident fund has changed by 7%. By reducing personal burden, the income level and social security level of Shanghai citizens can be better improved; Secondly, the changed proportion of provident fund can better increase the consumption of Shanghai residents, which is conducive to the sustainable development of Shanghai's economy.

The influence and follow-up of the change of Shanghai provident fund ratio;

1. Impact: The proportion of Shanghai residents' provident fund has changed by 7%, which has a certain impact on the changes of Shanghai's social security system, including: the total amount of Shanghai's provident fund has decreased; Shanghai's provident fund investment income will also be affected to some extent.

2. Follow-up of changes in the proportion of Shanghai's provident fund: In order to better improve the income level of Shanghai residents and adjust the social security system, relevant departments in Shanghai will continue to strengthen the follow-up evaluation of changes in the proportion of Shanghai's provident fund, as well as the subsequent adjustment and optimization, in order to achieve better results.