China Law Library

Social Security Fund

In Chinese employment law, the social security fund a governmental fund that employers must make contributions to on behalf of their employees. The fund assets comprise contribution inflows made by employees, subsidies for shortfalls provided by the government, and returns on investment made by the funds.

The social security fund is subdivided into five specific funds: the retirement benefit, health insurance, worker’s compensation, unemployment insurance, and maternity benefit funds. Inflows and outflows for each fund are calculated separately, thus commingling or appropriating funds for other purposes is prohibited.

Learn more about social security obligations in China here.