Shanghai Provident Fund Management Centeris an independent nonprofit institution directly subordinate to the municipal government.
1. Compile and execute housing provident fund collection and utilization plans
2. Responsible for recording housing provident fund payment, withdrawal and utilization for employees
3. Responsible for accounting of housing provident fund
4. Review and approve housing provident fund withdrawal and utilization
5. Responsible for preserving value of and returning housing provident fund
6. Compile reports on execution of housing provident fund collection and utilization plans
7. Undertake miscellaneous issues decided upon by the municipal government and the Municipal Housing Provident Fund Management Committee