In 1994, China adjusted the tax distribution system and tax structure between the central and local governments. In 2013, China began allowing local governments to issue local bonds. And this year, more fiscal revenue will be transferred from the central to local governments. For example, the collection of the consumption tax will be moved downstream and stably allocated to local governments. The key points of the core d...
Will let the market play a decisive role in resource allocation. Will work on policies to build a positive environment and offer more opportunities for the non-public economy sector. Will formulate private economy improvement law. Strengthening antitrust operations. Will improve the convenience for foreign capital to invest equity and venture capital in China. Will optimize the layout of the state-owned econ...
The following factors highlight the continued insufficiency of demand: The real estate sector is still undergoing a deep adjustment. In the first half of the year, efforts to reduce local government debt and financial sector inefficiencies resulted in insufficient physical investment by the government. Residents' e...
Beijing is lowering the minimum down-payment ratio for buying a home to 20% from 30%, and for some second home buyers to 35% from 40%. The city is also reducing the floor rate for a first-home mortgage to the loan prime rate (LPR) minus 45 basis points. Beijing faces the worst oversupply among 30 major cities tracked by China Real Estate Information Corp. Its new home inventory needs 48.9 months to sell, CRIC estimated. The capital’s new-home prices slumped 1.1% in May, the worst drop in...
Tax income -5.1% y/y to 8 trillion yuan, government land sales income falls 14% y/y to 1.28 trillion yuan, and securities transaction stamp duty -50.8% to 43.9 billion yuan. The Jan-May fiscal spending rises 3.4% y/y to 10.8 trillion yuan. Total revenues, which include the general public budget and the government funds budget, fell 4.1% during January-May from last year to 11.36 trillion yuan ($1.6 trillion). That’s the stee...
COG Futures(JUL4) Forum
The key points of the core d...
The real estate sector is still undergoing a deep adjustment.
In the first half of the year, efforts to reduce local government debt and financial sector inefficiencies resulted in insufficient physical investment by the government.
Residents' e...
They anticipate that various sectors, including technology, real estate, domestic banks, and telecommunications, may benefit from policy support, positive corporate profit outlooks, and shareholder returns.
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$COUNTRY GARDEN(02007.HK)$ $CG SERVICES(06098.HK)$ $Hang Seng Index(800000.HK)$
Hang Seng China Enterprises rises 0.9%.
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The city is also reducing the floor rate for a first-home mortgage to the loan prime rate (LPR) minus 45 basis points.
Beijing faces the worst oversupply among 30 major cities tracked by China Real Estate Information Corp. Its new home inventory needs 48.9 months to sell, CRIC estimated.
The capital’s new-home prices slumped 1.1% in May, the worst drop in...
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