When distributing the after-tax profits of the current year, the statutory provident fund company shall withdraw 10% of the profits and include it in the statutory provident fund of the company. If the accumulated amount of the statutory common reserve fund of the company is more than 50% of the registered capital of the company, it may not be withdrawn. If the company's statutory reserve fund is insufficient to make up for the company's losses in previous years, the profits of the current year shall be used to make up for the losses before the statutory reserve fund and statutory public welfare fund are withdrawn according to regulations. The company's provident fund is used to make up the company's losses, expand the company's production and operation, or increase the company's capital. When a joint stock limited company converts the common reserve fund into capital by a resolution of the shareholders' meeting, it shall allocate new shares or increase the par value of each share in proportion to the original shares of the shareholders. However, when the statutory reserve fund is converted into capital, the retained reserve fund shall not be less than 25% of the registered capital. Article 167 of the Company Law stipulates that when distributing the after-tax profits of the current year, the company shall withdraw 10% of the profits and include them in the company's statutory reserve fund. If the accumulated amount of the statutory common reserve fund of the company is more than 50% of the registered capital of the company, it may not be withdrawn. Also known as discretionary surplus reserve fund.

Second, the new provisions of Wuxi provident fund loans?

Wuxi's current provident fund loan newly stipulates the maximum loan amount.

When employees' families apply for provident fund loans, if the loan applicant meets the conditions of provident fund loans, the maximum loan amount will be adjusted to 300,000 yuan; If both the loan applicant and the spouse meet the conditions for provident fund loans, the maximum loan amount will be adjusted to 600,000 yuan.

2. The loan amount is linked to the borrower's provident fund deposit period and balance.

(1) If the employee has paid the housing provident fund in full and on time for less than 24 months, the loan amount shall be calculated as 5 times of the deposit balance;

(2) If the employee has paid the housing provident fund in full and on time for a total of 24 months but less than 36 months, the loan amount shall be calculated as 7 times of the deposit balance;

(3) If the employee has paid the housing provident fund in full and on time for 36 months, the loan amount shall be calculated as 10 times of the deposit balance.

Third, Wuxi housing provident fund loan policy

In 2022, Wuxi's provident fund loan policy was relaxed and the maximum amount of provident fund loans was increased. 1. For the paid employee families who apply for provident fund loans for the first time to purchase the first set of self-occupied housing, if the borrower meets the loan conditions, the maximum loan amount will be adjusted to 500,000 yuan. 2. If both the borrower and the spouse meet the loan conditions, the maximum loan amount will be adjusted to 800,000 yuan. 3. For families registered in this city who have two or three children, if they apply for provident fund loans for the first time to buy the first set of self-occupied housing, the loan amount may not be linked to the borrower's provident fund deposit period and balance. If the borrower meets the loan conditions, the maximum loan amount will be adjusted to 600,000 yuan; If both the borrower and the spouse meet the loan conditions, the maximum loan amount will be adjusted to 6,543,800 yuan. The loan conditions of Wuxi Provident Fund are as follows: 1. Pay the housing provident fund to Wuxi Provident Fund Center on time, in full and continuously within 6 months before the month of applying for the loan, and do not owe the housing provident fund for the first two years from the month of applying for the loan; 2. The housing purchased by the loan applicant is self-occupied ordinary housing; 3. The loan applicant is the owner or owner of the purchased self-occupied house (the purchase contract is signed and sealed by the buyer); 4. Have a stable source of economic income and the ability to repay the principal and interest on time; 5. Provide the guarantee company recognized by the Center as repayment guarantee or the securities recognized by the bank as pledge; 6. Both husband and wife of the loan applicant shall not have outstanding provident fund loans. Employees who have paid housing provident fund in accordance with the first paragraph of Article 26 of the Regulations on the Management of Housing Provident Fund (the State Council Order No.350th Revision) can apply for housing provident fund loans from the housing provident fund management center when purchasing, building, renovating or overhauling their own houses. "Regulations on the Administration of Housing Provident Fund" Article 19 The housing provident fund paid by individual employees shall be withheld and remitted from their wages by their units. The unit shall remit the housing provident fund paid by the unit and remitted for the employees to the housing provident fund account within 5 days from the date of monthly payment of employees' wages, and the entrusted bank shall include it in the employee housing provident fund account.

Four. Wuxi provident fund management center

I just got a loan in Wuxi, too. The current regulation is that the loan amount is 10 times of your provident fund account, that is, 2766 10= 16000. 30W is the maximum loan amount for everyone, if the account exceeds 3W.