As of the latest update, the CSL (Chinese Social Insurance) salary cap has been further reduced to 4.5 million yuan per year. This reduction aims to help alleviate the financial burden on employees and improve their living standards.

The reduction in the CSL salary cap is part of the government's efforts to promote social equity and fairness. It allows employees who earn less than 4.5 million yuan per year to enjoy more benefits from the CSL system, such as medical insurance, unemployment insurance, and work-related injury insurance.

In addition, the reduction in the CSL salary cap also helps to reduce administrative costs for employers. By lowering the threshold for paying CSL, companies can save money on employee benefits and taxes.

Overall, the reduction in the CSL salary cap is expected to have a positive impact on the lives of Chinese workers. It will help them to better manage their finances and improve their overall quality of life.