Every 20:00, the State Council decides to continue the tax reduction and fee reduction policy that partially expires to support the rescue and development of enterprises; During the 14th Five Year Plan period, the high-speed rail network will basically cover cities with a population of more than 500000

1 – executive meeting of the State Council: decided to continue the tax reduction and fee reduction policy partially due to support the rescue and development of enterprises

On January 19, Li Keqiang presided over the executive meeting of the State Council. The meeting pointed out that it was decided to continue the tax reduction and fee reduction policy that partially expired to support the rescue and development of enterprises. The meeting decided to extend 11 preferential tax policies related to science and technology, employment and entrepreneurship, medical treatment and education to the end of 2023 on the basis of the extension of some expired preferential tax policies in the early stage. First, the qualified science and technology business incubators, University Science and technology parks and maker space incubation services are exempted from value-added tax. Second, it is exempted from Shenzhen Agricultural Products Group Co.Ltd(000061) wholesale market, farmers’ market real estate tax and urban land use tax. Urban land use tax on operating land such as urban bus stations and yards shall be exempted. Third, continue to authorize provincial governments to decide on exemption, suspension or reduction of local reservoir resettlement support funds. Fourth, the individual income tax in kind such as temporary subsidies and bonuses for medical personnel and epidemic prevention workers and preventive drugs issued to individuals by units shall be exempted. Fifth, the real estate tax of college student apartments and the stamp tax on relevant lease contracts are exempted. (China Central Television)

2 2 2} South bought a net HK $591 million of funds, China Shenhua Energy Company Limited(601088) obtained a net purchase of HK $215 million

Every AI express, southbound capital net purchases HK $591 million. China Shenhua Energy Company Limited(601088) , country garden services and China power received net purchases of HK $215 million, HK $133 million and HK $123 million respectively. Tencent holdings led in net sales of HK $527 million.

3 the joint investigation team of the State Council seriously investigated and dealt with the problem of reselling imported crude oil by PetroChina fuel oil company

Promoting the operation of various enterprises in strict accordance with laws and regulations and seriously implementing the national macro-control and industrial policies is an important basis for creating a market-oriented, legalized and international business environment, and an important content of improving the socialist market economic system. According to relevant national laws, regulations and policy documents, the Audit Office recently found that the fuel oil company under Petrochina Company Limited(601857) Natural Gas Group Co., Ltd. (hereinafter referred to as the fuel oil company) had the problem of reselling imported crude oil. According to the deployment of the CPC Central Committee and the State Council, the joint investigation team of the State Council carried out verification and investigation in accordance with laws and regulations, objective, fair and realistic.

After verification and investigation, in June 2006, the fuel oil company sold 400000 tons of imported crude oil to Shandong Binhua group in the name of “blended fuel oil”, resulting in the resale of imported crude oil by PetroChina. Over the years, PetroChina has sold 179.5 million tons of imported crude oil to 115 local refining enterprises. During this period, the main leaders of PetroChina group have seriously neglected their duties and responsibilities. PetroChina’s reselling of imported crude oil violates the administrative license law and other laws and regulations and the relevant provisions on the management of crude oil and refined oil, seriously violates the national industrial policy, seriously disrupts the order of the oil market, encourages the blind development of backward production capacity of illegal local refining enterprises, encourages the illegal approval of local refining projects in some places, and destroys the market environment of fair competition, Indirectly caused the loss of national finance and taxation, and seriously damaged the Party style and social atmosphere.

After careful investigation by the Central Commission for Discipline Inspection and the State Supervision Commission on the dereliction of duty of relevant party organizations and Party members and leading cadres, the Party group of PetroChina bears the main responsibility, the fuel oil company bears the direct responsibility, and the relevant functional departments of PetroChina bear the regulatory responsibility. Relevant leading cadres of CNPC, relevant responsible comrades of functional departments and fuel oil companies fail to perform their duties correctly and fulfill their responsibilities, and bear corresponding responsibilities. According to the decisions of the CPC Central Committee and the State Council, the relevant departments have dealt with the problem of PetroChina reselling imported crude oil seriously in accordance with regulations and disciplines, and recovered the illegal profits of PetroChina reselling imported crude oil. ( Xinhuanetco.Ltd(603888) )

National Development and Reform Commission: during the 14th Five Year Plan period, the high-speed rail network will basically cover cities with a population of more than 500000

Every AI express, the “14th five year plan” for the development of modern comprehensive transportation system was officially announced to the public on the 18th. The national development and Reform Commission held a press conference today (January 19) to introduce the relevant situation. During the 14th Five Year Plan period, China’s high-speed railway network covered more than 95% of cities with a population of more than 500000, and the bottleneck sections of ordinary speed railways were basically eliminated. (CCTV News)

5 Xiamen King Long Motor Group Co.Ltd(600686) : the subsidiary received a total of 626 million yuan of national new energy vehicle promotion subsidies

According to AI express, on January 19, Xiamen King Long Motor Group Co.Ltd(600686) announced that Xiamen Jinlong United Automobile Industry Co., Ltd. and Xiamen Jinlong station wagon Co., Ltd., the holding subsidiaries of the company, recently received 285 million yuan and 341 million yuan of national subsidies for the promotion and application of new energy vehicles transferred from Xiamen Finance Bureau, totaling 626 million yuan. The above subsidies will directly offset the accounts receivable formed by the sold new energy buses and have a positive impact on the company’s cash flow.

6 Xiaomi group spent HK $32.7785 million today to repurchase 1.782 million shares at a price of HK $18.3-18.5 per share.

After AI express, on January 19, Xiaomi group spent HK $32.7785 million today to repurchase 1.782 million shares at a price of HK $18.3-18.5 per share.

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