The Circular on Issues such as the Adjustment of Payment Rates of Insurance against Work-related Injury and Death (Hu Ren She Fu Fa [2016] No.3), released by the Shanghai Municipal Human Resources and Social Security Bureau on January 23, 2016, has its provisions, as below:

1. As of October 1, 2015, the standard rates of insurance against work-related injury and death in different trades shall be implemented in Shanghai, and floating payment rates shall be carried out in accordance with such factors as the rates of paying for insurance against work-related injury and death and of occurrence of on-the-job accidents in relation to employing units. The floating payment rates of insurance against work-related injury and death will be worked out separately.

2. The local standard rates of insurance against work-related injury and death for employing units, classified into categories one to eight, shall be put into effect on the basis of the national standard rates. The Shanghai Foreign Agency Service Company is listed in Category Two in terms of on-the-job accident risks in various trades, with the payment benchmark of insurance against work-related injury and death fixed as 0.4%.

3. The fees for insurance against work-related injury and death, which had been paid by employing units in accordance with the approved payment rates for the year of 2015 during the period from October 1, 2015 to March 31, 2016, will be adjusted and cleared by the local social insurance administration department after April 1, 2016.

4. This circular shall come into effect on the date of its releasing and shall be valid for 5 years