I. The Standard on Minimum Salary in Shanghai Municipal will be Increased from 1^st April this year

On 14^th March, the Shanghai Municipal Human Resource and Social Security Bureau issued the Notice on Adjustment of the Standard on Minimum Salary in Shanghai; accordingly, the standard on Minimum monthly salary will be increased from RMB 1280 to RMB 1450, and the standard on minimum salary per working hour will be increased from RMB 11 to RMB 12.5 from 1^st April. The standard of lowest monthly salary excludes the amount of social insurance premium and housing fund, which shall be paid by the units separately according to laws, regulations and rules. Therefore, the standard on minimum monthly salary in Shanghai Municipal still remains the highest in China.