On March 10, Fei Yuqing, deputy director of the Shanghai Municipal Bureau of Human Resources and Social Security, revealed that after the introduction of a series of social insurance reduction measures, Shanghai did its best to periodically reduce or exempt enterprises from basic pension insurance, unemployment insurance, and work injury insurance (hereinafter referred to as (Three social insurance) units to significantly reduce the burden on enterprises, effectively relieve the difficulties of enterprises, promote the orderly return to work and production, support the stability of enterprises and expand employment.

Fei Yuqing said that from February to June this year, Shanghai has exempted three social insurance units from paying contributions to small, medium and micro enterprises and individual industrial and commercial households covered by units; from February to April this year, large enterprises have been paid Other insured units (including private non-enterprise units, social organizations and other social organizations) will halve the payment of three social insurance units. In addition, government agencies and institutions (including those participating in the enterprise's basic endowment insurance), individual industrial and commercial households and flexible employees who are insured as individuals do not fall into the scope of this phase of corporate social insurance premium reduction and exemption. According to preliminary calculations, it is expected that this reduction and exemption policy will reduce the burden on enterprises by about 53 billion yuan this year. (Reporter Kang Yuzhan and Xu Yin)

Editor-in-chief: [Li Yuxin]