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Is it legal for enterprises to collect employee savings funds?
Illegal.

If the company forces employees to deposit for financing, it is illegal and may constitute illegal fund-raising.

You can apply for labor arbitration to protect your rights.

The characteristic of enterprise funds is that they are drawn according to a certain proportion of total wages.

Its advantage is that it is convenient for leading organs to control the total amount of funds by industry and unit, so as not to form a disparity in funds between enterprises because of different construction objects and good or bad equipment.

The disadvantage is that the total wages of enterprise employees are used as the basis for calculating enterprise funds. The more employees there are, the more funds will be returned, which is not conducive to the improvement of labor productivity.