MAINLAND CHINA EMPLOYEE CONTRIBUTION PLAN
12 Months Ended
Dec. 31, 2013
MAINLAND CHINA EMPLOYEE CONTRIBUTION PLAN  
MAINLAND CHINA EMPLOYEE CONTRIBUTION PLAN

 

 

17.                   MAINLAND CHINA EMPLOYEE CONTRIBUTION PLAN

 

As stipulated by the regulations of the PRC, full-time employees of the Company in the PRC participate in a government-mandated multiemployer defined contribution plan organized by municipal and provincial governments. Under the plan, certain pension benefits, medical care, unemployment insurance, employee housing fund and other welfare benefits are provided to employees.  The Company is required to make contributions to the plan based on certain percentages of employees’ salaries. The total expenses for the plan were RMB12,939,000, RMB22,064,000 and RMB41,036,000 (US$6,778,000), for the years ended December 31, 2011, 2012 and 2013, respectively.