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Xian Langping Talks About Housing Prices: 7 Major Reasons Why Housing Prices Do Not Fall And It Is Difficult For Ordinary People To Buy A House

Lang Xianping revealed 7 reasons why housing prices have not fallen so far and people will never be able to afford them. On September 18, the National Bureau of Statistics released data saying that the average price of newly built commercial housing in 70 large and medium-sized cities in August this year increased by 0.06% month-on-month, which was narrower than the 0.14% increase in July.

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Newsflash

  • Yunnan Newly Established Fresh Fruit Company, Mainly Engaged In Fruit Wholesale And Retail

    Tianyancha shows that Yunnan Goodon Supper Berry Fresh Fruit Co., Ltd. was recently established. The legal representative is Zhang Huan, with a registered capital of 35 million yuan. Suppo Berry (Shanghai) Trading Co., Ltd. and Yunnan Good Nong Agricultural Technology Development Co., Ltd. hold shares.

    Serial number Shareholder name Shareholding ratio 1 Supperberry (Shanghai) Trading Co., Ltd. 51% 2 Yunnan Jiannong Agricultural Technology Development Co., Ltd. 49%

    The business scope includes licensed items: food sales; patent agency. (Projects that require approval according to law can only be carried out with the approval of relevant departments. Specific business projects are subject to the approval documents or licenses of relevant departments) Wholesale of fresh fruits; retail of fresh fruits; fruit planting; agricultural scientific research and experimental development; business of crop seeds (limited to packaged seeds that are no longer repackaged); production of non-main crop seeds ;Technical services, technology development, technical consultation, technology exchange, technology transfer, technology promotion; supply chain management services; Internet sales of food (only sales of pre-packaged food); primary processing of edible agricultural products; primary processing of non-edible agricultural products; wholesale of edible agricultural products; retail of edible agricultural products; purchase of primary agricultural products; sales of food additives; sales of electronic products sales; sales of cloud computing equipment; wholesale of computer software, hardware and auxiliary equipment; sales of daily necessities; loading and unloading; transportation cargo packaging services; domestic cargo transportation agency; international cargo transportation agency; general cargo warehousing services (excluding dangerous chemicals and other items requiring license approval); machinery and equipment leasing; machinery and equipment sales; brand management; property management ; Marketing planning; corporate image planning; organizing cultural and artistic exchange activities; conference and exhibition services (exhibitions abroad must be approved by relevant departments); graphic design and production; advertising production; advertising release; advertising design and agency; import and export of goods; import and export of technology; import and export agency; food import and export; intellectual property services (except patent agency services). (Except for projects that require approval according to law, business activities can be carried out independently with a business license and in accordance with the law)

    Company name Yunnan Good Farmer Shubo Berry Fresh Fruit Co., Ltd. Legal representative Zhang Huan Registered capital 35 million yuan National standard Industry Scientific research and technical services > Technology promotion and application services > Technology promotion services Address No. 903, Building 1, Guanguan Street Office, Guandu District, Kunming City, Yunnan Province Office No. 903, Building 1, Building 9 Enterprise Type Limited Liability Company Business Period 2026-4-9 To the Guandu District Market Supervision and Administration Bureau, no fixed period registration authority

  • Lianyungang Ruixin Modern Service Industry Management Co., Ltd. Was Established And Its Business Scope Announced

    Tianyancha shows that Lianyungang Ruixin Modern Service Industry Management Co., Ltd. was recently established. The legal representative is Liu Zeyu, with a registered capital of 2 million yuan. It is wholly owned by Jiangsu Ruichuang Modern Service Industry Management Group Co., Ltd.

    Serial number Shareholder name Shareholding ratio 1 Jiangsu Ruichuang Modern Service Industry Management Group Co., Ltd. 100%

    The business scope includes licensed items: professional intermediary activities; construction projects; construction labor subcontracting; urban domestic waste operational services; urban construction waste disposal (clearance and transportation) (projects that require approval according to law can only be carried out with the approval of relevant departments, and specific business projects are subject to approval The results shall prevail) Commercial complex management services; property management; unit logistics management services; information consulting services (excluding licensing information consulting services); technical services, technology development, technical consulting, technology exchange, technology transfer, technology promotion; hospital management; urban greening management; enterprises Management consulting; urban and rural city appearance management; urban park management; municipal facilities management; park management services; information technology consulting services; production line management services; housekeeping services; legal consulting (excluding businesses that require a law firm license according to law); corporate image planning; professional cleaning and cleaning , Disinfection services; loading and unloading; patient escort services; landscaping project construction; agricultural and horticultural services; take-out delivery services; human resources services (excluding employment agency activities and labor dispatch services) (except for projects that require approval according to law, business activities can be carried out independently with a business license in accordance with the law)

    Company name Lianyungang Ruixin Modern Service Industry Management Co., Ltd. Legal representative Liu Zeyu Registered capital 2 million yuan National standard Industry leasing and business services > Business services > Comprehensive management services Address Building C, 201-B area, comprehensive dispatch command center, Lianyungang Xuwei New District, Lianyungang City, Jiangsu Province Enterprise type Limited liability company Business period 2026-4-9 To no fixed period Registration authority National East, Central and West Regional Cooperation Demonstration Zone (Lianyungang Xuwei New District) Market Supervision Administration

  • Xian Langping Talks About Housing Prices: 7 Major Reasons Why Housing Prices Do Not Fall And It Is Difficult For Ordinary People To Buy A House

    Lang Xianping revealed 7 reasons why housing prices have not fallen yet and people will never be able to afford them. On September 18, the National Bureau of Statistics released data saying that the average price of newly built commercial housing in 70 large and medium-sized cities in August this year increased by 0.06% month-on-month. The increase was narrower than the 0.14% increase in July, but it was still higher than the 0.02% month-on-month increase in June. This is the third consecutive month that average house prices in 70 large and medium-sized cities have increased. Previously, data released by the National Bureau of Statistics in August showed that among the 70 large and medium-sized cities in the country, 50 cities saw a month-on-month increase in the price of new commercial housing in July, while this figure was only 25 in June. The number of cities with increases in July exceeded the sum of the previous six months. In addition, according to data released by the China Index Academy in early September, in August 2012, the average (newly built) residential price in 100 cities across the country was 8,738 yuan/square meter, a month-on-month increase of 0.24%. This was another increase after the month-on-month increase in July. What followed was intensive statements from relevant ministries and commissions and their responsible persons on the regulation of the property market. Finance Minister Xie Xuren said that it is necessary to strictly implement differentiated housing tax policies, strengthen tax collection and management related to the transaction link and the holding link, and steadily promote the pilot reform of personal housing property tax. Zhang Ping, director of the National Development and Reform Commission, pointed out that in the second half of the year, it is necessary to stabilize the real estate market control policy, resolutely curb speculative investment demand, effectively increase the supply of ordinary commercial housing, especially small and medium-sized housing, and prevent housing prices from rebounding. In fact, real estate regulation has been going on for more than a year, and various regions have successively issued "purchase restriction orders" and other regulatory measures. However, to this day, it is still difficult to see housing prices returning to a rational level. What are the reasons for this? One of the reasons: Failure to understand the source of real estate speculation funds. Many people are very angry when they mention the Wenzhou real estate speculators and Shanxi coal bosses. They think that it is because of the existence of these people that housing prices are so high and that everyone cannot afford to buy a house! The current average gross profit of our manufacturing industry is only 5%. If we exclude some other expenses, our manufacturing industry basically makes no money. Comparatively speaking, house speculation is a matter with no technical content at all. Many people who used to be in the industry are now basically speculating in houses. Their views are basically the same. They all believe that in the current environment, doing business is tiring and making no money, while real estate speculation is easy and profitable, so they cannot be entirely blamed. But on the other hand, some of the measures we introduced in the past also gave Wenzhou real estate speculators and Shanxi coal bosses an opportunity to take advantage. For example, in 2008, in order to stimulate real estate, the central bank lowered interest rates four times within a year, reaching 1.71%. At the same time, there is also a 30% discount on the interest rate of home purchase loans for second-home loans. Many investment speculators have taken advantage of this preferential policy to realize their own real estate speculation purposes. Reason two: Credit regulation has not touched real estate. With housing prices soaring and people complaining, our government has intensively introduced many regulation policies. However, through the analysis of these regulation policies, I found a very interesting thing, that is, even now, some of our credit regulation has not touched real estate. The reasons are simple: First, for local governments, land transfer fees are a huge amount of revenue. Second, in the current environment, what our financial institutions fear most is falling house prices, because for financial institutions, falling house prices is the biggest systemic risk, and financial institutions will naturally not destroy themselves.

  • The Situation In The Middle East Is Volatile, And Freight Forwarders And Foreign Traders Are Worried About Delivery.

    Fu Derui, senior vice president of maritime logistics for Greater China of global freight forwarding giant Kuehne Nagel, told China Business News that in the face of the recurring situation in the Middle East, passage in the Strait of Hormuz is still strictly controlled. Only approved ships can pass according to the approval process, and the overall shipping capacity has dropped significantly compared with before the conflict. Affected by this, many shipping companies have adjusted their operating strategies, including changing routes, shortening voyages, or completing cargo transshipment at regional alternative hubs, and suspending entry into the core area of ​​the Gulf.

    "Yesterday (8th) it was confirmed that the lockers can be removed, but today they were told that it was blocked. I don't know if the shipping company can still leave."

    On the morning of April 9, foreign trader Ding Yandong told China Business News that after the United States and Iran reached a two-week "two-way ceasefire" the day before, freight forwarders to the Middle East had begun to slowly recover. It was confirmed on the 8th that container ships for the recent shipments could depart. Unexpectedly, on the morning of the 9th, news came that the Strait of Hormuz was closed again, which made him fall into anxious waiting again.

    For Ding Yandong, business in the Middle East accounts for about 40% of the company's foreign trade, making it an absolute export powerhouse. Since the situation in the Middle East escalated at the end of February, logistics has been blocked, orders have been suspended, raw material prices have increased significantly, and the RMB has continued to appreciate... there are many things that worry him. These are also the common worries of current foreign traders.

    Waiting and watching or bypassing are still the mainstream

    Ding Yandong's anxiety is not an isolated case. From freight forwarders to shipping giants, the entire chain is cautiously preparing for the worst.

    In fact, even if the United States and Iran announced a temporary "ceasefire" on the 8th, the Strait of Hormuz has not yet reopened, and most shipping companies still choose to wait and see or bypass it.

    "The current Middle East routes maintain limited operations and have not yet returned to normal levels." Federico Falcone, senior vice president of maritime logistics for the Greater China region of global freight forwarding giant Kuehne Nagel, told China Business News on April 9 that in the face of the recurring situation in the Middle East, passage in the Strait of Hormuz is still strictly controlled. Only approved ships can pass according to the approval process, and the overall transportation capacity has dropped significantly compared with before the conflict. Affected by this, many shipping companies have adjusted their operating strategies, including changing routes, shortening voyages, or completing cargo transshipment at regional alternative hubs, and suspending entry into the core area of ​​the Gulf.

    In terms of cargo transportation, some categories can still be shipped to the Middle East normally under strict supervision, while for other cargo, measures such as rerouting transportation, delaying delivery, or re-planning logistics plans are adopted based on the policies of each shipping company, cargo characteristics, and risk assessment results. In order to ensure the continuous and orderly entry of goods into the region, the industry has established a number of alternative transportation channels and land bridge solutions, such as via Oman, Dubai, Turkey or Saudi Arabia, focusing on ensuring the stable supply of critical livelihood supplies such as food and medical care.

    Fu Derui pointed out that from the perspective of industry operations, the two-week ceasefire window period is not enough to promote the full return of the shipping network to normal, and it is difficult to support the rescheduling of regular routes in and out of the Gulf region. A more realistic situation may be that some ships currently stranded in the Gulf area will be redeployed due to the expected improvement in safe passage, but the systematic recovery of the overall network will still take time.

    According to Ding Yandong, goods shipped to Kuwait, Saudi Arabia and other places a week ago were still unable to be shipped normally due to the situation, but orders from Jordan could be shipped smoothly. On the 9th, they "basically stopped delivering goods to old customers."

    Zhou Mu (pseudonym), the person in charge of a freight forwarding company in Zhejiang, told China Business News that currently they are mainly engaged in freight forwarding business to Dubai. The volume of goods in other areas is relatively scattered, so they will not accept orders.

    Fu Derui believes that the situation in the Middle East has had a substantial impact on the global shipping and logistics system, and the scope of the impact has long gone beyond the Middle East itself. It has not only caused mismatches in transportation capacity, and some ships and equipment have been stranded or delayed in relevant areas, resulting in regional transportation capacity shortages; it has also extended the overall transportation timeliness, and many routes have been lengthened due to detours or reorganizations, and the overall turnover efficiency has decreased. In addition, fuel expenses, insurance premiums and risk premiums have increased, significantly pushing up comprehensive operating costs.

    "If the current disturbance lasts longer than previously expected, the industry may face deeper structural adjustments." He gave examples, such as the long-term adoption of alternative routes or multimodal transport solutions, a shift from "prioritizing the efficiency of a single route" to strengthening contingency and alternative plan planning, and more prudent assessment of geopolitical risk exposure in network layout and procurement strategies. This further highlights the central role of resilience and flexibility in modern supply chain planning.

    Foreign trade demand is lower than expected

    Under the conflict, the uncertainty of transportation capacity is only superficial pressure, and the deeper pressure comes from the demand side.

    For example, Zhou Mu said: “The overall feeling is still weak.”

    Ding Yandong also said that the demand from Middle Eastern customers has dropped too obviously. "Normally, this season is the peak purchasing season, but now I don't even bother to ask."

    Faced with the still tense geopolitical situation, freight rates on most ocean routes in China's export container shipping market continue to rise, driving the composite index to rise. On April 3, Shanghai's export container comprehensive freight index increased by 1.5% compared with the previous period. Among them, the Persian Gulf route increased by 6.7% from the previous issue, the European route fell slightly, the North American route increased slightly, and the Australia-New Zealand route and the South American route benefited from the recovery in demand, which increased by 14.2% and 5.4% respectively from the previous issue.

    Fu Derui analyzed that the current freight price trend shows significant differentiation characteristics, among which rising fuel costs are an important driver of recent fluctuations. The combination of factors such as lengthened voyages and rising risk premiums has further increased cost pressures. These pressures are difficult to alleviate in the short term.

    Observing from the freight demand side, he believes that "the current market performance is not as good as expected at the beginning of the year" and the volatility is also significantly higher than the same period last year. As far as the Middle East is concerned, import and export demand is mainly restricted by three factors. First, the cancellation or delay of bookings has increased. Second, cargo owners have become more cautious in inventory management and procurement decisions. Third, it has become more difficult to predict transportation cycles and landed costs.

    Profit margins are squeezed by multiple factors

    Pressure also exists on the double squeeze on the cost side.

    Affected by the war, raw material prices continued to remain high. Ding Yandong has to negotiate price increases with customers while fighting for prices with suppliers. He is quite passive in the middle, and a decline in profit margins is inevitable.

    Also impacting exporters' profits is the continued strengthening of the RMB exchange rate: On April 8, the onshore and offshore RMB exchange rates against the U.S. dollar once rose by more than 300 basis points, rising above the 6.83 mark, setting a new high in the past three years.

    Wang Qing, chief macro analyst of Oriental Jincheng, said that driven by the easing of the situation in the Middle East, demand for safe havens has declined, and the U.S. dollar index has fallen sharply, driving a strong appreciation process for major non-U.S. currencies, including the renminbi. It is expected that the RMB will most likely continue its stable to strong trend amid the violent fluctuations in the U.S. dollar index.

    Ding Yandong said that what they can do is to "bite the bullet and hold on" and wait until the exchange rate is better before settling foreign exchange; at the same time, they will continue to reduce costs and increase efficiency on the supply side.

    The Spring Canton Fair, which originally had high hopes, has now become one of Ding Yandong's worries. "A dozen customers from the Middle East have already said they can't come to the Canton Fair in mid-April," he said frankly.

    In addition to the domestic Canton Fair, Middle East exhibitions that have been suspended since March have not yet resumed. Zhang Yan, the head of an international exhibition company in Zhejiang, told China Business News that several of their exhibitions in Dubai and Saudi Arabia have decided to cancel this year. Although the current business volume in the Middle East is not large, Zhang Yan said that they will follow up on the progress of the situation in a timely manner and keep in close contact with the exhibition hall to see if there is an opportunity to reorganize the Middle East exhibition. Of course, it is still unknown whether the exhibition hall can squeeze out the schedule before the end of the year.

    Not all foreign trade people can only bear it passively. Some foreign trade manufacturers are regaining their rhythm.

    Che Yunwen, a foreign trade manufacturer whose inventory can only last until the end of March, told China Business News that starting last week, they have started to re-purchase. The reason is that customers generally accept the fact that raw material prices have increased and are willing to bear the rising costs. As business continues to pick up, overseas customers also have a strong willingness to replenish goods, and their orders on hand have continued to grow during the same period this year. In order to cope with exchange rate fluctuations, on the one hand, they will take some measures to lock the exchange rate, and on the other hand, they will also consciously reserve about 0.2 room for exchange rate appreciation when quoting.

  • New Rules For Personal Foreign Exchange Exchange In 2026: Goods Trade Refunds Must Be Registered

    -Goods trade-

    Question 1: Article 2(1) of the "Notice of the State Administration of Foreign Exchange on Further Facilitating the Settlement of Foreign Exchange Funds to Support the Stable Development of Foreign Trade" (hereinafter referred to as the "Notice") mentions "net settlement of general trade balances between domestic and foreign affiliated enterprises". Does this include the business of refunding foreign exchange for trade in goods?

    Answer: According to Article 2 of the "Notice", high-quality enterprises can handle the net settlement of general trade balances between domestic and foreign affiliated enterprises, including foreign exchange refund business under general trade, but not including foreign exchange refund business under other goods trade.

    Question 2: The customer is an enterprise in a bonded zone. It has previously received payment in US dollars from an enterprise in a general trade zone. The payment declaration form is a domestic income declaration form. Now it has been more than 180 days since the customer wanted to return the US$300,000 in payment to the company outside the area. Does this domestic U.S. dollar refund that exceeds 180 days require registration at the foreign exchange bureau?

    Answer: Yes.

    -Trade in services-

    Question 3: Article 7 of the "Notice of the State Administration of Foreign Exchange on Further Facilitating the Settlement of Foreign Exchange Funds to Support the Stable Development of Foreign Trade" (hereinafter referred to as the "Notice") supports the relaxation of the management of agency advance business in service trade. How should "domestic and foreign institutions with trade transactions" mentioned in it be understood?

    Answer: The import and export of goods between domestic and foreign institutions and the related service trade derived therefrom, as well as the service trade that occurs between service providers such as transportation and warehousing enterprises, all fall into the category of "having trade transactions". This provision applies to transportation, warehousing, maintenance, customs declaration, inspection, insurance, demurrage, despatch and other expenses incurred during the trade of goods, as well as customs clearance fees and other expenses incurred between domestic and foreign transportation companies.

    Question 4: According to Article 7 of the "Notice of the State Administration of Foreign Exchange on Further Facilitating the Settlement of Foreign Exchange Funds to Support the Stable Development of Foreign Trade" (hereinafter referred to as the "Notice"), banks should indicate "advances for trade-related service fees" in the postscript of foreign-related income and expenditure declaration transactions. Is it no longer necessary to indicate "advance for non-related services" as required by the "Guidelines for Current Account Foreign Exchange Business (2020 Edition)"?

    Answer: For the trade-related service fee advance business handled in accordance with Article 7 of the "Notice", the bank should indicate "trade-related service fee advance" in the postscript of the foreign-related income and expenditure declaration transaction and no longer mark "non-related advance".

    -Capital Projects-

    Question 5: After April 1, 2026, when should domestic companies register for overseas listing?

    Answer: According to Article 3 of the "Notice of the People's Bank of China and the State Administration of Foreign Exchange on Relevant Issues Concerning the Fund Management of Overseas Listings of Domestic Enterprises" (Yinfa No. 252): Domestic enterprises listed overseas should go to the bank at the place of registration to register for overseas listing within 30 working days from the first trading day of overseas listing or after the over-allotment is completed.

    Question 6: Do domestic shareholders need to go through foreign exchange registration when they receive dividends from a listed company with "full circulation" H shares?

    Answer: According to Article 4 of the "Notice of the State Administration of Foreign Exchange on Issuance" (Huifa No. 12) 4.4.4.2 H-share "Full Circulation" Review Principles: Dividends paid to domestic shareholders by listed companies participating in the "Full Circulation" of h-shares should be distributed directly in the country in RMB by China Securities Depository and Clearing Co., Ltd. (hereinafter referred to as CSDC).

    Question 7: Does the foreign exchange income earned by individuals participating in the equity incentive plan have to be settled in foreign exchange? If a domestic institution needs to withhold and pay personal income tax, how should it be handled?

    Answer: According to Article 5 of the 6.1.4 Review Principles of the "Notice of the State Administration of Foreign Exchange on Printing and Distribution" (Huifa No. 12): funds transferred back under the equity incentive plan can be retained in cash and can be transferred from the resident overseas securities and derivatives accounts of domestic agencies to the relevant personal domestic foreign exchange accounts; the agency can also transfer the funds to the relevant personal accounts after unified settlement of foreign exchange and transfer to its RMB settlement account. If it is necessary to withhold and pay personal income tax for domestic individuals, the domestic agency can transfer the funds corresponding to the withholding and payment of tax to its RMB settlement account for payment to the tax department.

    -Balance of payments declaration-

    Question 8: When a domestic exporter exports goods to Egypt, the exporter needs to register on the cargox platform and pay a certain fee. How should he declare it?

    Answer: According to the provisions of the 2025 edition of the "Analysis of Indirect Declaration of Balance of Payments", cargox is a supplier of blockchain-based solutions for the shipping and logistics industry. Its headquarters is located in Slovenia. As the blockchain file transmission gateway of the Egyptian Cargo Forecast Information System, cargox can be regarded as a file transmission platform through which exporters obtain ACI numbers. In practice, you should pay attention to what kind of services you receive from the company. If it is only used to check customs declaration information, it should be declared under "227030 Trade in Services - Telecommunications, Computer and Information Services - Information Services".

    Question 9: How should the tax bureau declare the stamp tax remitted by a non-resident company when it receives it?

    Answer: According to the 2025 edition of the "Analysis of Examples of Indirect Declaration of the Balance of Payments", stamp duty is a tax levied on the act of establishing and receiving legally valid vouchers in economic activities and economic exchanges. It is named after the tax stamp is affixed to the taxable voucher as a sign of tax payment. Taxpayers can purchase and affix tax stamps on their own in accordance with the prescribed taxable proportion and quota, or entrust them to collect it on their behalf, and the tax authorities can collect it on their behalf through the unit that issues or handles taxable certificates. As a behavioral tax, stamp duty is directly related to economic activities and is a production tax in primary distribution, so it should be classified as primary income. The core of secondary income is transfer payment, which is not directly related to the nature and function of stamp duty. Therefore, the tax bureau should declare the income under "323020 Primary income (income) - other primary income - taxes and subsidies on products and production".

    -Personal foreign exchange-

    Question 10: If a domestic individual rents a house abroad while studying abroad, can the rent not occupy his convenience quota?

    Answer: According to the relevant provisions of the "Notice of the State Administration of Foreign Exchange on Issuing the "Guidelines for Current Account Foreign Exchange Business (2020 Edition)"" (Huifa [2020] No. 14), "Individual foreign exchange settlement and domestic individual foreign exchange purchase are subject to annual facilitation quota management, and the facilitation quota is the equivalent of US$50,000 per person per year. Domestic individuals can handle current account foreign exchange purchases at banks without occupying the facilitation quota with their valid identity documents and relevant foreign exchange purchase materials with transaction amounts." According to the above provisions, individuals can choose whether to use their own convenience quota. If your annual convenience quota of US$50,000 is occupied, you can go through the foreign exchange purchase procedures at the bank with your valid ID. If you do not use your convenience quota, you need to use your valid ID card and proof of rent with transaction amount to go to the bank to purchase foreign exchange without the quota.

    Question 11: Can domestic individuals engaged in cross-border e-commerce handle settlement through their foreign exchange accounts?

    Answer: According to Article 66 of the "Notice of the State Administration of Foreign Exchange on Issuing the Guidelines for Current Account Foreign Exchange Business (2020 Edition)" (Huifa [2020] No. 14), foreign exchange receipts and payments for personal trade in goods are handled in accordance with the following provisions: (2) Domestic individuals engaged in cross-border e-commerce can handle cross-border e-commerce foreign exchange settlement through their own foreign exchange accounts. Domestic individuals who handle foreign exchange settlement and sales under cross-border e-commerce and provide materials with transaction amounts or electronic transaction information will not occupy the individual's annual facilitation quota.

    -Cross-border RMB-

    Question 12: The State Administration of Foreign Exchange has recently reduced the negative list for the use of capital account income. Can the use of RMB income from capital accounts by domestic institutions be followed accordingly?

    Answer: Yes. RMB income from capital accounts of domestic institutions shall be used within the business scope approved by relevant national departments under the following conditions: it shall not be used directly or indirectly for expenditures prohibited by national laws and regulations; unless otherwise clearly provided, it shall not be used directly or indirectly for securities investment or other investment and financial management (except for financial products and structured deposits with risk rating results no higher than Level 2); and shall not be used to issue loans to non-affiliated enterprises (except when clearly permitted by the business scope).

    Question 13: Do foreign-invested enterprises need to register basic reinvestment information for domestic RMB reinvestment?

    Answer: When a foreign-invested enterprise uses RMB income from capital projects to carry out domestic reinvestment, the invested enterprise or equity transferor does not need to register the basic information for receiving domestic reinvestment and register changes.

    Question 14: Does a special RMB deposit account opened by a foreign shareholder of an A-share listed company to reduce its shareholdings and distribute dividends need to be opened in the place of registration of the listed company?

    Answer: In view of the fact that the "Notice of the General Office of the People's Bank of China on Issues Related to Account Opening and Foreign Exchange Management Involved in the Reduction of Shares and Dividends Distributed by Foreign Shareholders of A-share Listed Companies" (Yinbanfa [2009] No. 178) has been abolished, and the "Guidelines on Foreign Exchange Administration of Capital Accounts (2024 Edition)" have relaxed the requirements for the location of accounts involved in the reduction of shares held by foreign investors in A-share listed companies. When foreign shareholders of a-share listed companies open special RMB deposit accounts due to reduction of shareholdings and dividend distribution, they are exempted from the requirement that "it should be opened at the place of registration of the listed company" in accordance with Article 2 of Part 2 of the "Notice of the People's Bank of China on Issues Concerning the Opening and Use of RMB Bank Settlement Accounts of Overseas Institutions" (Yinfa [2012] No. 183). When remitting funds for reduction of holdings, the bank should review the relevant information on the registration of reduction of holdings by the Foreign Exchange Bureau to ensure that the amount of reduction of holdings is within the range that can be outflowed; when remitting funds for dividend distribution, the bank should review the dividend distribution announcement and tax certificates.

    Question 15: If a foreign investor remits upfront expenses in RMB before establishing a foreign-invested enterprise in China, is it necessary to register basic information on the upfront expenses?

    Answer: Foreign investors who wish to remit RMB upfront expenses before establishing a foreign-invested enterprise in China can directly open a special deposit account for RMB upfront expenses at a bank and remit the funds for the upfront expenses. There is no need to register basic information on the upfront expenses before opening the account.

    Question 16: When an enterprise handles RMB remittance for overseas direct investment business (odi), if the currency of odi investment approved, approved, and filed with the commerce and development and reform departments is foreign currency, does it need to change the approval, approval, and filing documents again?

    Answer: No, the bank can handle the remittance of funds within the converted amount after reasonably converting it into RMB at the market exchange rate based on the approval, verification and filing documents issued by the commerce and development and reform departments.

  • Lang Xianping Talks About Housing Prices: They Will Still Rise Slightly In The Future

    On the afternoon of March 27, the "Dialogue with Lang Xianping·Guangdong Businessmen's Strategic Breakthrough" summit forum hosted by Poly Real Estate was held at Poly Golf County in Huadu. Lang Xianping's three sentences are inseparable from the Great Depression and the general environment. Regarding housing prices, his view is: "It will still rise slightly in the future."

    On the afternoon of April 27, the "Dialogue with Lang Xianping·Guangdong Businessmen's Strategic Breakthrough" summit forum hosted by Poly Real Estate was held at Poly Golf County in Huadu. Lang Xianping's three sentences are inseparable from the Great Depression and the general environment. Regarding housing prices, his view is: "It will still rise slightly in the future."

    The afternoon before yesterday, the "Dialogue with Lang Xianping·Guangdong Businessmen's Strategic Breakthrough" summit forum hosted by Poly Real Estate was held at Poly Golf County in Huadu.

    Lang Xianping's three sentences are inseparable from the Great Depression and the general environment. Regarding housing prices, his view is: "It will still rise slightly in the future."

    This summit forum was held in the gymnasium of Poly Golf County. The venue originally arranged for 1,000 seats was actually crowded with 2,000 people when the lecture started.

    Even so, many viewers who had not redeemed their tickets in advance still chose to stand on both sides of the stage.

    Faced with the current economic situation in China, Lang Xianping started with a bombshell: "China in 2014 was a country in deep depression in the world." Professor Lang used the stock market as evidence. China is a country where the global stock market has fallen for six consecutive years.

    Regarding housing prices, his view is: "It will still rise slightly in the future." However, he continued to add: "Actually, I never publicly predict housing prices, because housing prices are closely related to government regulation, but government policies have always been illogical and unpredictable."

    For investors who want to invest in real estate, Lang Xianping pointed out that the value of houses in first-tier cities as investment products will be greater than that in second- and third-tier cities.

    Qingdao's second-hand houses were signed with 623 packages, up 30%, and the listing price fell 0.34%

    Why bother worrying about 670,000 selected quality houses to finalize your happiness?

    Super cost-effective, wait in line to see the house in Fushan and buy a house with a view of the lake and mountains.

Top recommendation.

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