According to the Notice on Adjustment of Minimum Wage in Shenzhen issued by Shenzhen Human Resource and Social Security Bureau, from 1 January 2022, the minimum wage of Shenzhen will be adjusted to RMB 2,360 per month. According to the notice of Shenzhen Social Insurance Bureau and Healthcare Security Bureau, starting from 1 January 2022, the adjustments for social insurance are as follows:

1. The minimum contribution base for pension insurance and maternity insurance will be adjusted from RMB2,200 to RMB2,360.
   
   
2. The contribution base for unemployment insurance will be adjusted from RMB2,200 to RMB2,360.
   
   
3. The contribution rate for First Grade of Medical Insurance for the employer will be adjusted from 5% to 6%, the contribution rate for the employee remains at 2%.

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