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EMPLOYEE BENEFITS
12 Months Ended
Dec. 31, 2020
Disclosure of defined benefit plans [abstract]  
EMPLOYEE BENEFITS

12.

EMPLOYEE BENEFITS

The Group’s employee benefits comprise the following:


 

 

Year Ended December 31,

 

 

 

2018

 

 

2019

 

 

2020

 

 

2020

 

 

 

CNY

 

 

CNY

 

 

CNY

 

 

US$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wages, salaries and allowances

 

 

1,513

 

 

 

1,460

 

 

 

1,203

 

 

 

184

 

Housing funds (a)

 

 

67

 

 

 

38

 

 

 

41

 

 

 

6

 

Contribution to pension plans (a)

 

 

76

 

 

 

166

 

 

 

25

 

 

 

4

 

Welfare and other expenses

 

 

222

 

 

 

69

 

 

 

58

 

 

 

9

 

 

 

 

1,878

 

 

 

1,733

 

 

 

1,327

 

 

 

203

 

———————

(a)

According to the PRC state regulations, the employees of the Group's subsidiaries which operate in Mainland China are required to participate in a central pension scheme operated by the local municipal government and government-sponsored housing funds. These subsidiaries are required to contribute a certain percentage of their payroll costs for those qualified urban employees to the central pension scheme as well as the housing funds.