Can listed companies only pay social security according to the minimum base? Is it legal? If it is illegal, please write the legal provisions as evidence. Thank you for your urgency

People's Republic of China (PRC) Social Insurance Law (Draft)

Tenth basic old-age insurance is a combination of social pooling and individual accounts.

The basic old-age insurance fund consists of contributions from employers and individuals and government subsidies.

Article 11 The employing unit shall pay the basic old-age insurance premium in proportion to the total wages of employees stipulated by the state.

Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts.

Based on the total wages of all employees in the year above the unit level, it is paid according to the proportion of unit contributions (now 20% in most places), and individual employees pay according to the average monthly salary of individuals in the previous year (now 8% in most places). The individual contribution base must be between 60% and 300% of the social level in the previous year.