According to the Regulations on the Management of Housing Provident Fund (Order No.350 of the State Council) and the Notice of State Taxation Administration of The People's Republic of China, Ministry of Finance of People's Republic of China (PRC) on Individual Income Tax Policies for Basic Endowment Insurance, Basic Medical Insurance, Unemployment Insurance and Housing Provident Fund (Cai Shui [2006]10), According to the Notice on Further Implementing the Policy of Reducing the Cost of Housing Provident Fund (Beijing Provident Fund Letter [2018]1No.), the maximum monthly payment base of housing provident fund in 2022 is 28,650 yuan, according to the average annual salary of employees in urban non-private units in Jinan published by Jinan Municipal Bureau of Statistics in 20021year.

The notice requires that all housing provident fund deposit units and entrusted banks should strictly follow the provisions of this notice, and all entrusted banks should promptly transfer the remitted housing provident fund into employees' personal accounts.