Ctrip offers staff loans to pay fines
By Shi Jing in Shanghai | China Daily | Updated: 2015-02-25 07:28
An online travel agency is offering interest-free loans to staff who have to pay social maintenance fees because they break the family planning policy by having more than the permitted number of children.
Ctrip introduced the loans at the start of the year. The company's regulations say each loan should be no more than the central government's drafted social maintenance fees.
The loan should be no more than three times the level of the employee's after-tax income in the previous year, and should not exceed 200,000 yuan ($32,000).
Photo