yes.

1. As an enterprise, it must pay the housing accumulation fund to its employees.

2. Article 37 of the Housing Provident Fund Regulations stipulates that if an enterprise fails to register the housing provident fund deposit or go through the formalities for the establishment of housing provident fund accounts for its employees, the housing provident fund management center shall order it to do so within a time limit; If it is not handled within the time limit, it will be fined between 1, yuan and 5, yuan.

Extended information

Characteristics of housing provident fund

1. Universality: urban employees, regardless of the nature of their work units, family income and whether they have housing, must pay housing provident fund in accordance with the provisions of the Regulations;

2. Mandatory (policy): If the unit fails to register the housing provident fund deposit or set up housing provident fund accounts for its employees, the housing provident fund management center has the power to order it to be handled within a time limit. If it fails to do so within the time limit, it can be punished according to the relevant provisions of the Regulations and may apply to the people's court for compulsory execution;

3. Welfare: In addition to the housing provident fund paid by employees, the unit should also pay a certain amount for employees, and the interest rate of housing provident fund loans is lower than that of commercial loans;

4. returnability: the paid housing provident fund will be returned to the individual employee when the employee retires, retires, or completely loses the ability to work and terminates the labor relationship with the unit, or moves out of the household registration or settles abroad.

Reference: Baidu Encyclopedia: Regulations on Housing Provident Fund Management.