Many people are concerned that after obtaining permanent residency in Hong Kong, "after paying social insurance in the mainland for so many years, won't it be in vain?"

In fact, there are several ways to handle social insurance:

1. If the payment period is less than 15 years - you can apply for a refund or keep the account.
If the insured person settles abroad before retirement, the balance in their personal social insurance account can be refunded to the insured, while terminating the pension insurance relationship, but the insured can also choose to keep the account.

2. If the payment period is 15 years or more - you can receive a pension upon reaching retirement age.
According to current policies, insured persons can return to the mainland to retire and receive a pension when they reach retirement age, and then live in Hong Kong.
Some people ask: Can permanent residents of Hong Kong pay social insurance in the mainland and enjoy medical insurance benefits and retirement?
Of course!

The Ministry of Human Resources and Social Security and the National Healthcare Security Administration announced that starting from 2020, residents from Hong Kong, Macau, and Taiwan who work, live, and study in the mainland will have social insurance cards, and will participate in social insurance and enjoy the legal rights and interests of social insurance just like mainland residents.

3. What to do with the provident fund after canceling the mainland household registration?
In addition to the provident fund card, you also need to bring the original and a copy of your Hong Kong passport, the original and a copy of the household cancellation certificate, and a copy of your ID card or Chinese passport. After final approval at the provident fund management center, they will process the account cancellation and withdraw all the funds in the account for you.
However, when refunding, only the provident fund can be fully refunded to the individual, while the pension can only refund the portion contributed by the individual.