In China, employee benefits are a structured component of the employment landscape, underpinned by legislation that mandates a range of benefits for workers nationwide. These mandatory benefits, commonly called the “5+1 system“, encompass provisions for pension, medical insurance, work injury insurance, unemployment insurance, maternity insurance, and housing funds. Employers and employees jointly contribute to these […]| MSA
Shanghai, China’s bustling financial hub, offers a wealth of opportunities for foreign investors and companies looking to expand their global operations. Here we set out the key steps youneed to take to register a company or subsidiary in Shanghai. Register your company in Shanghai Send us your question and we will answer within 24 hours. […]| MSA
When hiring employees in China, employers must abide by relevant laws and regulations and as such are required as well to make contributions to social security and the housing provident fund. In this article, we provide an extensive overview of China's social security system and the housing provident fund from an employer's perspective.| MSA