Ctrip will of­fer staff loans for fam­ily-plan­ning fines

China Daily (Canada) - - FRONT PAGE -

Ctrip, an on­line travel agency, is of­fer­ing in­ter­est-free loans to staff who have to pay fines 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). The re­pay­ment pe­riod should be no longer than 120 months.

Based on the av­er­age dis­pos­able in­come per house­hold in Shang­hai, a fam­ily is fined 160,000 yuan if it does not meet the qual­i­fi­ca­tions to have a sec­ond child.

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