China Securities Journal ( zone )
individual income tax reform will be fully implemented, and more tax policies are ready
The regulations on the implementation of the individual income tax law of the people’s Republic of China and the Interim Measures for special additional deduction of individual income tax were recently announced. The new individual income tax law will also be fully implemented on January 1 next year. At the same time, many tax related policies will be implemented, including the expansion of the scope of application of cross-border e-commerce import policies The import of some major technical equipment or products is exempted from customs duties and value-added tax. Insiders said that tax incentives such as individual income tax reform will boost consumption, and new measures are expected to be introduced for value-added tax and enterprise income tax.
Ministry of Commerce: continue to promote investment liberalization and facilitation
Tang Wenhong, director of the foreign investment department of the Ministry of Commerce, wrote on the 23rd that in 2018, a series of foreign investment promotion policies and measures were implemented, and the foreign investment environment was continuously optimized, which effectively stimulated the vitality of market players. Next, the Ministry of Commerce will fully and thoroughly implement the pre admission national treatment plus negative list management system, continue to promote investment liberalization and facilitation, constantly strengthen the protection of the legitimate rights and interests of investors, and create a more attractive investment environment for foreign investors.
the tone of “housing without speculation” remains unchanged. It is difficult for the property market to recover significantly next year
Many experts in the industry said that the real estate market will not recover significantly next year. In the future, it may focus on real estate regulation by increasing supply. At the same time, in terms of consolidating the main responsibility of the government, the establishment of such responsibility objective assessment system may be accelerated in the future.
the actual accuser was arrested Baota Industry Co.Ltd(000595) in the vortex of crisis
According to the latest report of Yinchuan Public Security Bureau, Yinchuan people’s Procuratorate has officially approved the arrest of sun Hengchao, chairman of Baota Petrochemical Group, and seven senior executives. In this briefing, sun Hengchao was suspected of bill fraud, and the other seven company executives were suspected of issuing financial bills in violation of regulations. Among the seven executives involved in the case, two had a “deep relationship” with the listed company. Huo Yan was the former vice chairman of Baota Industry Co.Ltd(000595) and Wang Gaoming, another executive, was the current supervisor of Baota Industry Co.Ltd(000595) . These originated from the previous 17.5 billion yuan acceptance bill cashing crisis of Baota finance company under Baota Petrochemical Group.
Shanghai Securities News (special area)
insurance to rescue private enterprises on the road: two orders have been completed, totaling 700 million yuan, and project screening is being accelerated
On November 30, “Guoshou assets Phoenix special products” purchased Tongwei Co.Ltd(600438) 1.91% equity of listed companies through block transactions, thus launching the “first shot” of insurance funds to rescue listed companies. According to various investigations, in December, Xinhua asset special products also completed the rescue investment. At present, special insurance products have been implemented, with a total investment of about 700 million yuan.
macro policy setting is good for the bond market, and local government bonds are expected to expand next year
At the “2018 China bond forum” held on December 22, participants from academia and the market generally believed that the macro policy set by the central economic work conference was relatively relaxed, which will be conducive to the development of the bond market next year, but the gap between capital supply and demand still deserves attention. Li Yang, chairman of the national finance and development laboratory, pointed out that the central economic work conference raised the status of the capital market to an unprecedented height. As a part of the capital market, the bond market has bright prospects in the long run.
power battery recycling industry “spring is coming” government policy enterprises are busy layout
Recently, the pilot implementation plan for the recycling of new energy vehicle power batteries in Beijing, Tianjin and Hebei (hereinafter referred to as the plan) jointly formulated by Beijing, Tianjin and Hebei was officially released. This shows that, as a key link for the healthy and sustainable development of the new energy vehicle industry, the recycling and echelon utilization of scrapped power batteries have been substantially promoted by the local government.
the mode of making fast money doesn’t work, and regional banks gradually return to their roots
The foundation of regional banks lies in the local economy and local people. Serving local small, medium-sized and micro enterprises and keeping close to the pulse of local economy should be the foundation of life. However, due to the strategic demand of scale expansion, some urban commercial banks and other regional banks have increased the development of interbank and non-standard businesses in recent years, which deviated from the track of their own development to a certain extent.
Securities Times (special area)
Liu Shiyu said at the unveiling ceremony of China Securities Museum: fully release the market vitality and protect the rights and interests of investors
When attending the unveiling ceremony of the China Securities Museum, Liu Shiyu, chairman of the CSRC, said recently that he would promote the reform and opening up of the capital market with greater determination, courage and strength, fully release the market vitality, effectively protect the legitimate rights and interests of investors, make the capital market better serve the supply side structural reform, and better promote the high-quality development of the real economy.
at the end of the year, busy bank sold 14 Suites at a reserve price of 61.9 million
Near the end of the year, in addition to intermediaries, there are a large number of financial institutions actively selling houses. Recently, the Shanghai United equity exchange disclosed that a bank in Shanghai listed and transferred 14 sets of real estate, including 13 houses and 1 shop, with a total listing reserve price of 61.9 million yuan.
the cancellation of the provision account has limited impact. Payment institutions have explored value-added services
Recently, the payment and Settlement Department of the central bank issued an urgent document requiring all Payment institutions to cancel the RMB customer reserve account before January 14, 2019. As a result, there is a lot of talk in the market about Payment institutions that “the good day of lying down to make money is coming to an end”.
after two private placement placards were popular, they were questioned by the closing exchange about the reason
Last week (December 17-december 21), the website of Shanghai and Shenzhen Stock Exchange disclosed 34 inquiry letters, slightly higher than that of the previous week. Apparently, the two private placements that are not related to each other have been closed after a disproportionate listing, and the previous buying pace is also surprisingly consistent. Last week, the Shenzhen stock exchange sent two letters of concern, asking who was behind the multi favorite placards.
Securities Daily (special area)
the deduction period of “loan subscription” of the first house of housing loan interest against individual income tax shall not exceed 20 years
For the deduction of housing loan interest, it is clear that the “first set” of housing is subject to the identification of housing loan. The Interim Measures for special additional deduction stipulates that the interest expense of the first set of housing loan incurred by the taxpayer himself or his spouse when he or she uses the individual housing loan of commercial bank or housing provident fund alone or jointly to buy a house in China for himself or his or her spouse shall be deducted according to the standard quota of 1000 yuan per month in the year in which the loan interest actually occurs, The maximum deduction period shall not exceed 240 months. Taxpayers can only enjoy the interest deduction of the first housing loan once.
life insurance companies were fined more than 45 million yuan during the year, and six high-frequency violations were exposed
There is still a week to go before 2019, and the regulatory punishment on life insurance companies has basically been settled this year. According to incomplete statistics by the reporter of Securities Daily, as of December 23 this year, the cbcirc has imposed a total penalty of more than 45 million yuan on life insurance companies (including individuals).
the five key points of opening the space for capital market reform next year are clearly visible
Recently, the central economic work conference deployed the economic work in 2019 and determined to do a good job in seven key tasks next year. Among them, in the key task of accelerating the reform of the economic system, the conference pointed out that the capital market plays a leading role in financial operation, and it is necessary to create a standardized, transparent, open, dynamic A resilient capital market, improve the quality of listed companies, improve the trading system, guide more medium – and long-term capital to enter, promote the establishment of a science and Innovation Board on the Shanghai Stock Exchange and the pilot registration system to be implemented as soon as possible.
financial violation executives are punished * ST Baxter chairman publicly apologizes
After the Shenzhen Stock Exchange announced the disciplinary actions against the company and relevant parties, on December 21, * ST Baxter held an apology meeting in accordance with the relevant provisions of the guidelines for the standardized operation of companies listed on the SME Board of Shenzhen Stock Exchange. Tang Jiyong, chairman and Secretary of the board of directors of the company, made an apology on the major violations, debt repayment Respond to employee salary payment and other issues one by one.
