According to the Shanghai statistics department, the average salary for urban employees in Shanghai was RMB 114,962 (RMB 9,580 per month) per year in 2019.
Considering the impact of COVID-19 on the Shanghai economy and society, the Shanghai social security contribution base will continue to be determined in accordance with the three-year transition plan.
From July 1, 2020, the upper limit of the social security contribution base will be adjusted to RMB 28,017 per month with RMB 9,339 per month as the reference level for calculating the upper limit of the social security contribution base.
The lower limit of the social security contribution base will remain RMB 4,927 per month.
If you have any questions about this, send us an email or call us. We will be very glad to help you!
Stay updated on China’s Latest HR & Employment Insights.