Guangdong Unveils Measures to Stabilise and Expand Employment

The government of Guangdong recently issued a circular outlining policies and measures taken to further stabilise and expand employment (Yue Fu No. 13 [2021]).

Under the measures, employer insurance premium contributions may be provisionally reduced, until 31 December, where the cumulative balance of any basic medical insurance fund pool is enough to pay for employer contributions for more than nine months. The policy of reducing the work-related injury insurance premium rate was originally intended to be implemented in various cities until 30 April. After 1 May, provisions for overall work-related insurance premium benchmark rates at provincial level shall apply. Provisional reduction of unemployment insurance premiums and floating unemployment insurance premiums shall be extended to 30 April 2022.

Source: Guangdong Provincial People’s Government  ​​​​​​​