china

China: Shanghai Revises Minimum Wage, Social Insurance Contribution Rates

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China Briefing News (12.05.2017) The Shanghai Municipal Bureau of Human Resources & Social Security recently released its annual minimum wage adjustments for 2017, as well as the associated changes to employeeenefits.
The adjustments, which came into effect on April 1, affect minimum wages, medical insurance, social insurance, pensions, and other forms of employee compensation.

Regions / Country
china

China: Shanghai Revises Minimum Wage, Social Insurance Contribution Rates

Submitted by monitor on

China Briefing News (12.05.2017) The Shanghai Municipal Bureau of Human Resources & Social Security recently released its annual minimum wage adjustments for 2017, as well as the associated changes to employeeenefits.
The adjustments, which came into effect on April 1, affect minimum wages, medical insurance, social insurance, pensions, and other forms of employee compensation.

Regions / Country
china
Topics
Governance and administration
Social policies & programmes

China pension fund revenue grows 25 percent in first quarter

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reuters.com (25.04.2017) Chinese pension funds drew 970.8 billion yuan ($141.06 billion) in revenue in the first quarter, an increase of 25.4 percent from the same period last year, state news agency Xinhua quoted the Ministry of Human Resources and Social Security as saying.

Regions / Country
china
Topics
Pensions
Investment

La Chine enregistre une réduction des accidents du travail

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People Daily (24.08.2016) La situation de la sécurité sur les lieux de travail s'est améliorée pendant les cinq dernières années, avec moins d'accidents et de morts enregistrés, selon des statistiques publiées par le Bureau national de contrôle de la sécurité du travail (BCST)

Regions / Country
china
Topics
Occupational accidents and diseases

China premiada por extensión sin precedentes de cobertura del seguro social

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eldiario.es (18.11.2016) El Gobierno de China obtuvo hoy el premio trienal de la Asociación Internacional de la Seguridad Social (AISS) por "su extensión sin precedentes de las pensiones, el seguro de salud y otros tipos de protección social", informó el organismo.

Regions / Country
china
Topics
Extension of coverage
Social policies & programmes

China social security fund picks 21 firms to manage assets reportedly topping $50 billion

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Pensions & Investments (12.12.2016) China’s National Council for Social Security Fund last week announced the selection of 21 local managers to oversee a first tranche of provincial pension fund assets being consolidated under the 1.91 trillion renminbi ($276 billion) National Social Security Fund’s umbrella to take advantage of the fund’s relatively sophisticated investment management capabilities.

Regions / Country
china

China's Shaanxi opts for scheme letting pensions invest in stocks

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Reuters (04.01.2017) Shaanxi is set to be one of the first Chinese provinces to participate in a pension investment scheme that allows them to invest in financial markets for the first time, Shaanxi Daily, a newspaper in the northwestern province, reported on Wednesday. With many provinces under severe pressure to meet pension repayments, Beijing has promised to push forward an investment plan for idle local pension funds, holding an estimated $290 billion, that will seek higher returns through alternative investment channels for higher returns.

Regions / Country
china
Topics
Financing