Briefing On Today's Financial Highlights

Xinjiang's resource tax reform plan announced the ad valorem tax rate of 5%.

Beijing, June (2): the Ministry of Finance issued a notice on the issues concerning the reform of the natural gas resources tax in Xinjiang, which stipulates that the crude oil and natural gas resources tax shall be assessed at ad valorem and the tax rate is 5%. (the message is macro neutral, and the oil industry is neutral).

　　 The central bank will issue a moderate adjustment of 115 billion yuan central bank votes.

The Central Bank of China will issue RMB 5 billion yuan in June 3rd and 3 yuan in the central bank for 110 billion yuan in March, and issue 115 billion yuan central bank votes tomorrow. However, if the central bank does not carry out other operations this week, the funds returned from this week are still less than the funds due, and the open market will remain net invested. (the message is macro and market neutral preference)

　　 ABC plans to list in Hongkong in July 16th

According to foreign reports, the Hongkong public hearing of the Agricultural Bank of China is scheduled to take place in June 10th. If approved, the bank plans to go public in Hongkong in July 16th. (the message market is neutral).

　　 The State Council has approved the extension of the Shenzhen Special Administrative Region to the whole city of Shenzhen.

Xinhua news conference: the five session of the National People's Congress held a press conference on the 2 day of the Shenzhen Municipal People's Congress. It was disclosed that the State Council has recently approved the extension of the Shenzhen special economic zone to the whole city of Shenzhen. The two districts of Baoan and Longgang will be included in the special zone. The expansion of the special economic zone will be formally implemented from July 1st this year. (good news area plate)

　　 China Unicom will intensify its research and planning on Smart Grid

At the summit of information technology and smart grid construction held in 2010, the CIC industry development planning department revealed that smart grid is an important part of the "12th Five-Year" development plan for the power industry currently under study. (the news is good for smart grid).

　　 Li Yizhong: a draft of the new policy to encourage the development of software industry has been submitted to the State Council.

Li Yizhong, Minister of industry and information technology, delivered a speech at the opening ceremony of the fourteenth China International Software Expo today. In order to encourage the stability of the software industry development policy, a draft of the new industrial policy has been submitted to the State Council. (the news is good for the software industry).

　　 Demonstration and extension of new energy vehicles extended to 20 pilot cities

From the Ministry of finance, the Ministry of Finance and other 4 ministries and commissions have jointly issued a notice to further expand the demonstration and promotion of energy conservation and new energy vehicles in the field of public services. On the basis of the existing 13 pilot cities, 7 pilot cities such as Tianjin, Haikou, Zhengzhou, Xiamen, Suzhou, Tangshan and Guangzhou will be added. (the news is good for related industries, etc.)

　　 The bio industry "12th Five-Year" development plan will be reported to the State Council this month.

Jiang Zehui, deputy director of the CPPCC population resources and Environment Committee, told the China Securities Journal 2 June, "the 12th Five-Year" plan, led by the national development and Reform Commission, will be submitted to the State Council in June. Some analysts believe that the plan is likely to be introduced before the new energy development plan. (the news is good for the Bio Industry)

　　 The development policy of agricultural machinery industry will be introduced soon.

From authoritative sources, the policy of supporting the development of agricultural equipment industry is expected to be introduced in 6 and July. Since the beginning of this year, the agricultural machinery market has been below the expected target, and the production and sales performance of the enterprises has been dull. This phenomenon has attracted the attention of the relevant ministries and commissions of the country.

Sources told reporters that the relevant industry development policy has been finalized. In terms of fiscal and taxation policies, it is possible to levy enterprise income tax on agricultural machinery industrial enterprises that meet the industrial policy according to the 20% preferential tax rate. In line with the conditions of the state's high-tech enterprises, the enterprise income tax shall be levied at a preferential tax rate of 15%. (the news is good for agricultural machinery industry).