1 – Notice of the State Administration of Taxation and other ten departments on Further Strengthening the support of export tax rebate and promoting the stable development of foreign trade
After AI express, the State Administration of Taxation and other ten departments issued a notice on Further Strengthening the support of export tax rebate and promoting the stable development of foreign trade. The notice proposes to strengthen the connection between export credit insurance and export tax rebate policy. If an enterprise obtains export credit insurance compensation due to its inability to collect foreign exchange for the export business declared for tax rebate, the export credit insurance compensation shall be regarded as the collection of foreign exchange and the export tax rebate shall be handled. We will improve the export tax rebate policy for processing trade. In order to support the development of processing trade enterprises and further reduce the burden of enterprises, after the tax rate of export products is consistent, the input tax of value-added tax transferred out due to inconsistent tax rate is allowed to be deducted from the input tax transferred in by enterprises. Tap the potential of departure tax rebate policy. Further expand the geographical coverage of overseas tourists’ shopping departure tax rebate policy. Optimize the layout of tax rebate stores, promote more high-quality merchants to become tax rebate stores, and form a larger agglomeration effect. We will actively promote the convenient payment of departure tax rebate, “buy and refund” and other convenience measures, promote the tourism and shopping consumption of overseas tourists in China, and promote the standardized development of departure tax rebate. (website of the State Administration of Taxation)
2 | whole point investment | northward capital net purchase today Contemporary Amperex Technology Co.Limited(300750) 623.9 billion yuan
After AI express, the Shanghai stock index rose 0.23% on April 22. Northbound funds bought a net 6.764 billion yuan today. Among them, the net purchase of Shanghai Stock connect was 3.610 billion yuan and that of Shenzhen Stock connect was 3.154 billion yuan. In the list of individual stocks with active transaction of Beishang capital, 10 stocks were net purchased, and the largest amount was Contemporary Amperex Technology Co.Limited(300750) ( Contemporary Amperex Technology Co.Limited(300750) .sz, closing price: 415.34 yuan), with a net purchase of 623.9 million yuan; A total of 10 stocks were net sold, and the largest amount was Zijin Mining Group Company Limited(601899) ( Zijin Mining Group Company Limited(601899) .sh, closing price: 11.33 yuan), with a net sale of 334.6 million yuan.
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Every AI express, on April 22, Duan Yongping announced that he had just bought Tencent holdings for $42.71. This is following the move in March, Duan Yongping made another move to copy the bottom of Tencent holdings. (China Fund News)
4 – State Administration of foreign exchange: the risk of significant deleveraging of China’s foreign debt is relatively small
Every AI express, today (22nd), the State Information Office held a press conference. At the meeting, Wang Chunying, deputy director of the State Administration of foreign exchange, introduced that on the whole, the risk of significant deleveraging of China’s foreign debt is relatively small. There are three reasons for support: first, the change of China’s foreign debt has been relatively stable in the past two years, which is generally matched with economic growth. At the end of last year, the ratio of foreign debt balance to GDP was 16%, which was basically the same as that at the end of 2019 and 2020. The growth rate of foreign debt is matched with the development of real economy and the growth rate of foreign assets, and there is no procyclical excessive leverage. Moreover, the RMB exchange rate fluctuates in both directions, the flexibility is enhanced, the exchange rate expectation is relatively stable, and there is little pressure for substantial deleveraging of foreign debt in the future. Second, the current foreign debt structure is obviously optimized. At the end of 2021, the proportion of medium and long-term foreign debt was 47%, an increase of 2 percentage points over the end of 2020. The stability of medium and long-term foreign debt is relatively strong, and the proportion is rising. On the other hand, the growth rate of financing foreign debt sensitive to changes in the market environment, such as deposit and loan, trade financing and other foreign debt, is not high, and the behavior of cross-border financing is relatively rational. At the end of last year, the proportion of financing external debt decreased by 13 percentage points compared with the previous round of external debt deleveraging at the end of 2016, which is a relatively large decline rate. Third, the debt ratio, debt ratio and debt service ratio of China’s foreign debt are within the international security line, and are far lower than the overall level of developed countries and emerging market countries. At present, the operation of China’s foreign exchange market is generally stable, cross-border capital flows tend to be basically balanced, and the risk of substantial deleveraging of foreign debt in the future is relatively small. (CCTV News)
5 China Merchants Bank Co.Ltd(600036) former party secretary and President Tian Huiyu accepted disciplinary review and supervision investigation
According to AI express, China Merchants Bank Co.Ltd(600036) former party secretary and President Tian Huiyu is suspected of serious violation of discipline and law, and is currently undergoing discipline review and supervision investigation by the Central Commission for Discipline Inspection and the State Supervision Commission. (CCTV News)
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