Yes.

According to the "Regulations on the Administration of Housing Provident Funds":

Article 15 When a unit hires employees, it shall go to the Housing Provident Fund Management Center to register for deposit within 30 days from the date of employment, and With the review documents from the Housing Provident Fund Management Center, go to the entrusted bank to handle the establishment or transfer procedures for employee housing provident fund accounts.

If the unit terminates the labor relationship with its employees, the unit shall go to the Housing Provident Fund Management Center to handle the change registration within 30 days from the date of termination of the labor relationship, and go to the entrusted bank with the review document from the Housing Provident Fund Management Center. Procedures for transferring or sealing employee housing provident fund accounts.

Article 16 The monthly payment and deposit amount of the employee’s housing provident fund is the employee’s average monthly salary in the previous year multiplied by the employee’s housing provident fund payment and deposit ratio.

The monthly payment amount of the housing provident fund paid by the unit for employees is the employee's average monthly salary in the previous year multiplied by the unit's housing provident fund payment ratio.

Extended information:

According to the "Housing Provident Fund Management Regulations":

Article 19 The housing provident fund paid by individual employees shall be paid by the unit every month. The amount will be withheld from their wages.

The unit shall remit the housing provident fund deposited by the unit and paid on behalf of the employees to a special housing provident fund account within 5 days from the date of monthly payment of employee wages, and the entrusted bank shall include it in the housing provident fund of the employees. Provident Fund Account.

Article 20: Units shall pay and deposit the housing provident fund on time and in full, and shall not make late payment or underpayment.

For units that really have difficulty in paying housing provident fund, the payment ratio can be reduced after discussion and approval by the unit’s employee congress or labor union, review by the housing provident fund management center, and approval by the housing provident fund management committee. Or defer the payment; after the unit's economic performance improves, the payment ratio can be increased or the payment can be postponed.

Article 21: The housing provident fund will accrue interest at the interest rate prescribed by the state from the date it is deposited into the employee housing provident fund account.

Article 22: The Housing Provident Fund Management Center shall issue valid vouchers for the payment of housing provident funds to employees who have paid and deposited housing provident funds.

Article 23 The housing provident fund paid by the unit for its employees shall be disbursed in accordance with the following provisions:

(1) The agency shall disburse it in the budget;

(2) After the revenue and expenditure of public institutions are approved by the financial department, the expenditures are listed in the budget or expenses;

(3) The enterprises are listed in costs.

Baidu Encyclopedia-Housing Provident Fund Management Regulations