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China to extend tax incentives for overseas investors to attract more foreign investment******
BEIJING, Oct. 27 (Xinhua) -- China will extend the preferential tax policy for overseas investors investing in the mainland bond market, as part of its efforts to promote opening-up and attract foreign investment, the State Council's executive meeting chaired by Premier Li Keqiang decided on Wednesday.
The meeting noted that China will continue to expand opening-up, leverage the strengths of its big domestic market and foster a more enabling business environment. More will be done to attract foreign investment and encourage more foreign investors to participate in China's domestic development through the bond market.
"We will make greater efforts to attract foreign investment, and welcome overseas investors to our bond market on the mainland," Li said.
The meeting decided that the policy to exempt overseas institutional investors from corporate income tax and value-added tax on their bond interest gains arising from investment in the mainland bond market will be extended till the end of the 14th Five-Year Plan period (2021-2025), i.e. December 31, 2025.
Competent departments shall go through the record-filing process with the Standing Committee of the National People's Congress in accordance with laws and regulations, and in the meantime strengthen market regulation and curb irregularities such as excessive speculation and market manipulation.
"We should respond proactively to the concerns of market entities, effectively conduct cross-cyclical adjustments and anchor market expectations to help enterprises survive and thrive," Li said. Enditem
Domestic comedy "Be Somebody" tops Chinese box office chart******
BEIJING, Nov. 21 (Xinhua) -- Domestic comedy-suspense film "Be Somebody" topped the Chinese mainland box office chart on Saturday, data from the China Movie Data Information Network showed Sunday.。
The film tells the story of a group of frustrated filmmakers who gather to plan on a new film about a notorious criminal case. It raked in 66.3 million yuan (about 10.4 million U.S. dollars) on Saturday.。
Narrating the horrible experience of a single woman living alone in the big city, domestic suspense film "Door Lock" ranked second on the Chinese mainland box office chart on its second day of screening. The film raked in around 58.3 million yuan on Saturday.。
War film "Railway Heroes" ranked third with a daily revenue of around 26 million yuan on its second day of screening Saturday. Enditem。
Revenues of Chinese securities firms top 366 bln yuan in Jan******
BEIJING, Nov. 21 (Xinhua) -- China's 140 securities brokers saw their operating revenues reach 366.36 billion yuan (about 57.4 billion U.S. dollars) in the first three quarters of 2021, according to the Securities Association of China.。
In breakdown, revenues from securities trading came in at 100.08 billion yuan, while that of securities underwriting and sponsoring business, and asset management stood at 41.6 billion yuan and 21.96 billion yuan, respectively, during the period, the association said.。
The net profits of the securities companies totaled 143.98 billion yuan in the first nine months, according to the association.。
By the end of September, the total assets of the securities brokers reached 10.31 trillion yuan, with the net assets standing at 2.49 trillion yuan.。
The net capital of these securities companies totaled 1.94 trillion yuan, according to the association. Enditem。