Worries red chips: For income tax law the anti-avoidance rules.

<P> The new Enterprise Income Tax Law to implement the relevant provisions of the anti-avoidance rules have been close to "labor", private enterprises listed overseas will face the test of controlled foreign company provisions. .A source said yesterday, the enterprise income tax law on special tax adjustments related to the implementation details, has entered the final stage of comment, is expected to be issued around mid-April. .These people said, from the implementation details of special tax adjustments of the draft of view, is a mixed blessing for businesses, foreign-listed red-chip private businesses are more worried about one of the controlled foreign company (CFC) anti-avoidance provisions. .</ P> <P> red chips in fear </ P> <P> http:// hearing, according to the controlled foreign companies (CFC) refers to the resident enterprise, or by resident enterprises and Chinese residents in the control of the establishment of the actual tax .tax rate lower than 25% negative 50% of countries (regions), for reasonable business needs of non-profits are not distributed or reduce the allocation of foreign enterprises. .Enterprise Income Tax Law in accordance with the provisions, CFC profits belonged to the part of the resident enterprise shall be included in the current income of the resident enterprises. .Informed sources said that the relatively new CFC rules, many overseas-listed enterprises, especially private enterprises more concerned about the red chips. .These enterprises had set up to facilitate the overseas listing of a special purpose company (SPV), in accordance with the provisions of the anti-avoidance rules, these companies are likely to fall into the scope of supervision of the CFC provisions. ."For example, the United States, Huang Guangyu of Gome not hold shares directly, but through holding companies registered in the Cayman shares and other shares in a special purpose company, through a special purpose company held two shares of listed companies in Hong Kong .If the strict implementation of the provisions of CFC, Huang SPV are held by the two fall into this clause within the jurisdiction. "informed sources said. .The source said, according to the current draft, was identified as CFC must also have a few conditions: where the actual tax burden is lower than 50% of the domestic tax burden, a single foreign company holding shares in more than 10%, a reasonable business needs for non- .no distribution of profits or reduce distribution. .He also said that red-chip China Mobile will also be included in terms of the jurisdiction of the CFC. .But the red-chip companies can often avoid the CFC through to the final terms of a jurisdiction. .</ P> <P> association found to lower the threshold </ P> <P> for the identification of association standards, the rules reduce the threshold for comment. .Earlier in the relevant documents, among one of the parties directly or indirectly holds 25% shares or more, and with a third party, directly or indirectly holds more than 25% shares of companies were identified as having the relationship, and this .times this standard reduced to 20%. ."So many companies this ratio will be determined to be 24% more, walking a fine line, the pocket may come all at once." The source said. .Enterprise Income Tax Law in accordance with the provisions of the related party transactions related enterprises, will be included in the investigation and transfer pricing adjustment range. .Transfer pricing, compared with the tax laws and implementing regulations, anti-avoidance rules do not break too much. .Pricing in the reservation, then set the conditions for application: related party transactions over 100 million yuan, the actual operating period of more than 10 years, no major tax evasion problem and fulfill its reporting and preparation of related information stored over the same period. .APA is between tax authorities and taxpayers through the signing of an agreement or arrangement in the form of taxpayers in the next period of time and the pricing of related party transactions and other matters related to the profit level set of criteria agreed in advance to address the complex cross-border related party transactions .transfer pricing issues. .It is understood, the tax on the APA regulators more cautious attitude, "After all, the APA is an arrangement in future, if a business does not know the circumstances hastily signed the APA, it may lead to the state's financial interests .loss of face. " .</ P> Today recommended: * April Fool's Day pranks funny text messages [1-50] * April Fool's Day pranks funny text messages [51-100] * April Fool's Day pranks funny text messages [101-150] * April Fool's Day pranks funny text messages .[151-200] * April Fool's Day pranks funny text messages [201-250] * April Fool's Day pranks funny text messages [251-300] * Top Ten April Fool's Day pranks freshly alternative tactics six movies with you over April Fool's Day .a group of spoofing the magic of your eyes and brain images the past 10 years the classic April Fool's Day fake news.

Á ½ ÊÐ × ò ½ öÓÐ ² »× ã30Ö» ¸ ö ¹ ÉÆ ® º ì »| Ö ¸ 'óμø» ØÒ »ÄêÇ ° μãλ.

To restore market confidence in the key?.

<P> Shanghai and Shenzhen A shares on April 1 suffered another blow to the short side, stocks fell more than 9% to 822, more than the day of trading A shares half of the total. .Good macroeconomic fundamentals, steady growth in performance of listed companies, share-trading reform the context of initial success, A stock market crash that apparently irrational behavior of a continuous, which fully shows the confidence of investors has been extremely lax, and if .Failure to take timely measures, the hard-won results of the share reform is likely to crash destroyed by such non-rational. .</ P> <P> It http:// information, from understanding the information, the market loss of investor confidence is mainly due to concerns on the following three questions: First, concerns about the macro-control; second is worried about the size of .non-reduction, the new capital to keep up with the stock market to increase the speed of chips; third is fear that the interests of shareholders is inconsistent, there will still be the major shareholder actions violated the interests of small shareholders. .It is for these three worry, investors do not see management give clear at the time expected, will produce sell into impulses, which a "not good is bad" continuous sell into the irrational behavior. .</ P> <P> view of this, to restore investor confidence, investors have to eliminate these three concerns. .And to eliminate these concerns, all levels of management must first act in the face of new problems and new situations, new circumstances, timely adjustment of policy guidance to address the issue and actively research questions, and can not take a laissez-faire attitude. .Such as last year, "5.30", many of the policy is to pressure the stock market, substantially increased the stamp duty on the market that is typical of cases has been extremely popular in the current market downturn, a policy like this should be timely adjusted. .</ P> <P> In fact, the departments concerned or very concerned about the current stock market, and for the market of new problems and new situations have done a lot of work. .Large listed companies such as re-financing, although this is only the individual company behavior, but the relevant department or to take timely action, and its strict check, the current practice seems to have been a huge problem refinancing to a standstill. .</ P> <P> to restore investor confidence in the market, the relevant departments to only one aspect of improving the quality of investors to own is also very important. .As a high-quality investors, should have a strong ability to distinguish right from wrong, the rumor on the market can be screened in order to avoid blindness in decision-making. .As a sophisticated investor should believe that the Chinese government on the economy with a strong regulatory capacity, the history of control are conducive to long-term development of China's economy, and are conducive to growth of high-quality performance of listed companies. .In addition to the Chinese capital market regulatory framework and supervision capacity, investors should have confidence in care of the interests of investors to believe that management's determination and ability. .</ P> <P> to restore investor confidence in the market, but also a transparent information transmission mechanism. .The size of the market concerns of non-reduction, for example, the existing information disclosure regime is yet to be improved. .Can not be implemented such as the size of non-reduction of pre-disclosure system, so that should not pre-announced reduction of the size of the reduction of the amount of people is conducive to investment-related value of the company make the right judgments; can not be implemented such as the reduction of the size of non-clear announcement .After reduction of the size for those who Definitely Liangliang Xiang; another example, such a provision can not be implemented, that a certain percentage of reduction of the size of Africa, over a longer period shall not engage in investment in the industry, so the size may be able to avoid .Non of the cash flows. .There are companies for large non-reduction is not Refinancing should also be more strictly regulate it? .</ P> <P> transparent information disclosure system to stabilize investor confidence. .Non-reduction of the current size of the turbulent market rumors, but in fact this figure there is a big discrepancy. .It is understood that, as of the end of February 2008, Shanghai stock market may be reduction of 92.8 billion Chunghwa Express Corp shares (including the starter or the placing of additional shares under the net), but really only sell 28.6 billion shares, which reached a small non-selling 240 .million shares. .This data indicates that large amount of very weak non-reduction, although a small amount of non-reduction of the proportion of high but only 39%. .And to March, with the index's decline, the size of the reduction will not have signs of abating. .If these data can be disclosed in a timely manner, perhaps for the size of the non-market would not be fear of such an extent now. .</ P> <P> to restore investor confidence in the market, but also to strengthen the cultural development of capital markets, securities companies should be organized regularly, executives of listed companies, the basic knowledge, the popularity of the stock market culture. .Many people do executives think they are experts, in fact, often do not pass even the basic knowledge. .Therefore, enhanced investor education at the same time, the market parties, including managers, executives of listed companies are required to culture and education, which will help maintain market Sangong principles. .</ P> <P> split share structure reform aimed at eliminating the effects of China's capital market development, institutional barriers and promote orderly capital markets, efficient and healthy development. .We imagine that a serious lack of investor confidence in capital markets to fulfill the historic mission undertaken by the share reform, so the vast majority of companies to complete share reform on the price of the share reform is more difficult to enter a critical stage, the market parties need .out wisdom, come up with enthusiasm and care of a smooth transition to the Chinese capital market, circulation times, the rise of China in the 21st century to become an important financial platform. .</ P>.

A shrinking share of a quarter of 12 trillion yuan.

Stock market version of "Maiguai" mad king of money making gold shares insider investigation.

<P> Abstract: cheated pattern essentially similar, and some have spent thousands of dollars to buy stock software, stock recommendations in the follow-up after another quilt, fall hard, suffered heavy losses, and later found the company found that some sales do .do not understand the stock, the company has not qualified. .</ P> <P> you ever heard of "golden shares King" it? .Night, turn on the TV, click the site, sometimes this advertising: There is a wonderful called "golden share King" software stocks, stock prices can be recommended, hit rate is extremely high. .Advertising the name of the software high-tech propaganda was very magical, with a case description. .The guidelines of the audience play the ad first consulting the phone, a similar sketch in the "Maiguai," the story played out. .</ P> <P> the past few days, many investors through various channels, one after another reflection of their being "king of gold stocks," the company deceived the painful experience. .Essentially similar pattern was cheated, and some have spent thousands of dollars to buy stock software, stock recommendations in the follow-up after another quilt, fall hard, suffered heavy losses, and later found the company found that some clerk does not understand the stock, the company .no qualifications. .Some cheated the object is in all sorts of laid-off salesman to persuade the company to borrow money after the stock market, but was stuck with losses. .They questioned how such a company like crazy deceptive money-making? .</ P> <P> As of early April, the reporter learned as many as hundreds of people injured investors. .To this end, China Youth Daily reporter immediately began an investigation. .</ P> <P> huge number of "small investors" deceived </ P> <P> "pay to, they did not talk to me a month!" In mid-March, Shenzhen, Guangdong, Zhao on the phone ., told reporters. .</ P> <P> Zhao was involved in a "market" investors are not deep, occasionally seen on television by the "King of Golden Share" and "teacher" to do the show, saying as long as the toll free telephone number before .dial who can get hundreds sent by their "free gold stocks." .Zhao then broadcast a telephone call the next day, Ms. Zhao will have found a salesman. .</ P> <P> "hit me with a sales call, he did not tell me what 'golden share', just asked me some basic information, including what to buy stocks, there did not earn money, how much investment .and so. "Zhao said," I Put simply, he advised me to start with them, follow them to make money. "Zhao said the clerk to call her perseverance," for several days straight, every day several .times, specifically I can remember. Then he advised me to talk about their company. "could not help Ruanmoyingpao, 1 mid-January, Ms. Zhao if some went to the people of South Road, Luohu District, Shenzhen Building, Room B, this company .. .</ P> <P> "I stayed there for more than 3 hours!" A tearful Ms. Zhao said, "First, the clerk chatted with me, and said a lot, see I do not want cooperation, also requested a ' .teacher ', told me that a lot of the stock market situation and told me to follow their information stocks, and it can make a lot of money, and later to a manager, any connection with me that their information how how accurate, how how good the software .... ... I'm dizzy brain up, and just brush them a card on the POS machine - more than twenty thousand yuan ah! "</ P> <P> pay to later, and no experts and Zhao contact, but is she took the initiative .called the "king of gold stocks," the company only received a few stock information. .But not the surge but to wait for her plunge, "loss of more than 20 million!" Zhao several phone communication is invalid, went to the company, demanding an explanation. .But the company overall customer service to the market situation is not good for the reasons explained Ms. Zhao asked for the cancellation and refund request software services, they firmly rejected. .</ P> <P> "are two or three months, and I went several times, and I sometimes meet people in similar situations. But they are different each time saying, attitudes, good times and bad, in short, is .refused to refund. has not said when the sales clerk, from professionals to provide stock information at any time what the telephone. "</ P> <P>.

50ETF warm breath smell money riding roller coaster.

<P> [Abstract] "50ETF days the amount of the transaction, funds have been a motive is the foresight warming smell the breath of the market, hands-on bargain-hunting." A market source said, "Another motivation may be institutional arbitrage." </ .P> <P> Powei the A-share market continued to appear a little "abnormal": follow the index falling China Shanghai 50ETF, 3 月 18 day volume was significantly enlarged, in one fell swoop yesterday, is the largest since a record single-day market turnover .amount. .</ P> <P> "50ETF days the amount of the transaction, funds have been a motive is the foresight warming smell the breath of the market, hands-on bargain-hunting." A market source said, "Another motivation may be institutional arbitrage." < ./ P> <P> It http:// News, China Shanghai 50ETF was established in December 2004, February 23, 2005 officially listed for trading. .SSE 50 Index to track products, to yesterday's close, its constituent stocks included in the China National Petroleum, China Life, ICBC and other 50 largest stocks. .</ P> <P> report information, as of the end of 2007, China Shanghai 50ETF in 52.76% of the share held by institutional investors. .</ P> <P> follow the 50 index, 50ETF listing has been riding the "roller coaster." .</ P> <P> mid-October last year, the SSE 50 Index hit a record high, continued after the bottom with the current round of market adjustment, a group of large capitalization stocks have endangered "break", as of yesterday's close, the SSE 50 .index has continued to decline by 42%, 50ETF follow the index falling. .</ P> <P> but starting March 18, trading volume was significantly enlarged, and yesterday hit a new high turnover. .As of yesterday's close, 50ETF to close at 2.788 yuan, up 0.9% the day, a five exchange-traded fund ETF based only rose varieties. .The gain, while not surprising, but the turnover has reached a historic day of 1.687 billion yuan, 52% of enlarged expires earlier. .This is the biggest product launch since the single-day turnover. .</ P> <P> Galaxy Securities chief fund analyst Hu Lifeng that the amount of such transaction days, on the one hand reflects the market at a relatively bottom, eager to grab a rebound of funds; the other hand, or with huge fluctuations in the market, .arbitrage activity related. .</ P> <P> According to reports, ETF shares convertible product implementation mechanism to achieve the equivalent of a T +0 transaction, and the species do not charge stamp duty, transaction costs low. .In principle, the net market value as long as there is a deviation to the arbitrage possible. .</ P> <P> "Recently index up 4% -5% every turn of the volatility arbitrage trading undoubtedly very active." Hu Lifeng said, "but we can not judge this 1687000000 in the amount of days in which .is arbitrage funds, which are long-term funding arrangement. "</ P> <P> In fact, institutional investors hold more people, ETF products has always been the capital of the cloth rebound soldiers powerhouse. .Between the stock market last November during the fall, 50ETF experienced atrophy and volume continued to decline, once a record of transactions since June last year, the amount of days, while the broader market also in the end of November to early December ushered in a wave of backlash. .</ P>.

Zijin Mining in face value of 0.1 yuan What sort of way.

Face value of only 0.1 per <P> first Zijin Mining stocks will be from 8 until 11 inquiry. .The industry believes that the upcoming release of Zijin Mining for the domestic A share market is significant, the market will usher in a good performance of blue chip companies, creating a history of the first issue of the China Securities 0.10 per share par value of precedent, is of A .share market and a major symbol of international standards. .A nominal value of 0.1 yuan for the issue of shares, the market there are some disputes, the dispute focused mainly on low value in allowing the issue of whether the stock market value of the system and disrupt the price system, would mislead investors to judge. .</ P> <P> (http://) shares par value of shares of stock issued by the company indicated on the face of the face amount, to show that each one contained in the amount of capital stock. .The level of the nominal value per share, the investment value of the company there is no direct relationship. .The investment value of the stock of a company ultimately depends on the ability of the enterprise and corporate earnings growth prospects. .</ P> <P> industry believes that the nominal value of shares issued has two small advantages: capital operation the company has left more space, such as when the stock price goes high when the split can be reduced by the threshold for investors to enter .to increase the liquidity of the stock; Secondly, the implementation of mergers and acquisitions between companies also offer a convenient, the number of shares to meet investor requirements. .</ P> <P> Zijin Mining said that the company issued at par to 0.1 yuan, out of and H shares "with the shares of the same nominal value" considerations. .Currently, Zijin Mining in the Hong Kong Stock Exchange par value of shares traded was 0.1 million. .In addition, if the face value of Zijin Mining in accordance with the 1 per issue in the A-share market, there will be an issue price of the situation may be close to hundred dollars, secondary market trading price will be higher, investors can participate in a relatively limited. .</ P> <P> 2008 年 4 on 3, Hong Kong shares of Zijin Mining closing price of 7.17 Hong Kong dollars. .According to the resolution of the shareholders of the General Assembly, issued in the domestic A share issuance price of no less than the official summary prospectus published in the first 20 trading days average trading price of H shares of 90%, nor less than the official summary prospectus published in a previous transaction .H shares on the closing price of 90%. .Accordingly, it may appear at an issue price of 60 yuan to even approach the status of hundred dollars, but secondary market trading price may be higher, investors, high barriers to entry. .</ P> <P> the same problem with Zijin Mining, will also appear in the group's return to the red-chip companies. .China Mobile, for example, if the recent return of A shares of China Mobile, according to 1 yuan face value of issue of new shares, issue price will reach a thousand dollars. .The industry believes that the nominal value of 0.1 yuan Zijin Mining to issue A shares for return of red chips to explore the way for the return of red chips clear the way for A shares. .</ P>.