Before the end of June, companies may also apply for deferring their payments to the housing provident fund. Failure by employees to repay their housing provident fund loans due to the epidemic will not be taken as a default.

In deciding on these policies, full consideration has been given to the sustainability of the social security fund, the balance of which is sufficient to support the full and timely payments of old-age pensions and other social security benefits nationwide.

"Household businesses have an important role in job creation. We must swiftly work out supporting policies. The unemployment insurance fund shall be tapped into to issue allowances to the jobless. Pension payments must also be met on time and in full," Li said.

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