Are there five insurances and one gold for working in Hong Kong?

Not including what we usually call "five insurances and one gold".

I. Hong Kong's social security system

The social security system in Hong Kong mainly includes the Mandatory Provident Fund (MPF) system, the Community Chest system and other voluntary insurance and welfare projects. These systems are designed to provide retirement, medical care and unemployment protection for employees and residents.

Among them, the Mandatory Provident Fund (MPF) is one of the most important social security systems in Hong Kong. Similar to the old-age insurance and housing provident fund in Chinese mainland, employers and employees are required to pay a certain proportion of the provident fund for employees' retirement savings and housing needs.

Secondly, the welfare and security of work in Hong Kong.

In addition to the mandatory provident fund, enterprises and institutions in Hong Kong may also provide other benefits and guarantees for their employees, such as medical insurance, life insurance and paid vacation. The specific contents and standards of these benefits vary from enterprise to enterprise, and employees should be treated clearly with their employers when they join the company.

In addition, the Hong Kong government has established a public welfare system to provide financial assistance to those in need. These benefits, including old age allowance and disability allowance, are designed to help the disadvantaged groups maintain their basic livelihood.

Third, the differences between the social security systems in Hong Kong and the Mainland.

The social security system in Hong Kong is obviously different from that in Chinese mainland. Chinese mainland's "five insurances and one gold" system covers five major insurances: pension, medical care, unemployment, work injury and maternity, and housing accumulation fund, while Hong Kong's social security system is more flexible and diverse. In addition, there are also differences in social security payment ratio and welfare benefits between the two places.

To sum up:

Hong Kong's work does not include what we usually call "five insurances and one fund", but adopts a unique social security and welfare system. These systems aim to provide employees with retirement, medical care, unemployment and other aspects of protection, but the specific content and standards vary from enterprise to enterprise. When employees enter the job, they should be clear about the relevant treatment with the employer and understand the differences between the social security systems in Hong Kong and the Mainland.

Legal basis:

Basic Law of Hong Kong Special Administrative Region

Article 100 stipulates:

The Hong Kong Special Administrative Region implements an independent tax system.

Mandatory Provident Fund Schemes Ordinance

Article 3 provides that:

In order to provide retirement protection for employees, the Ordinance established the Mandatory Provident Fund Scheme.

Community Chest Ordinance

Article 2 provides that:

The Ordinance establishes old age allowance, disability allowance and other allowances for eligible applicants who need financial assistance.