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The financial business has a very high "gold content" among foreign automobile companies. For example, there are only two major business segments: "manufacturing+finance", and the profits from the financial segment also exceed 20% of the total profits of the public. The financial sector made a greater contribution to GM. Before the bankruptcy of GM, the profit from financial business accounted for more than 60%.

Gu Feng was given the "task" by Chen Hong, chairman of SAIC, to increase the profit of SAIC’s financial business from about 8% at present to 15%-20%. In order to achieve the goal smoothly, SAIC Finance Department was established, and Gu Feng was appointed as the general manager. At the same time, Wu Heng, deputy general manager of the Finance Department, and more than a dozen middle and senior cadres of SAIC were appointed.

Now, with Gu Feng’s departure, whether SAIC’s huge plan in financial business can continue to be implemented remains to be further verified.

Following the departure of Zhang Hailiang, former vice-president of SAIC, and joining LeTV in March this year, the senior management team of SAIC changed again.

A few days ago, 21st century business herald reporter learned that Gu Feng, CFO of SAIC (equivalent to vice president of SAIC), has submitted his resignation report, which is currently awaiting the approval of Shanghai SASAC.

Together with Zhang Hailiang, who left in March this year, this is the second vice president-level executive of SAIC in half a year.

Like Zhang Hailiang, Gu Feng was born after 70, and his career was in the prime of his life. People who are familiar with him are very appreciative of his professional ability and personality. In addition, like Zhang Hailiang in charge of SAIC’s service and trade sector, Gu Feng is also responsible for the transformation of SAIC. In the first half of this year, SAIC has established a financial division, with Gu Feng as the general manager.

After the establishment of the financial business department, Chen Hong, chairman of SAIC, hopes that the financial business profit will now account for about 8% of SAIC’s total profit and rise to 15%-20% in the future. This is also an important symbol of SAIC’s transformation from a traditional automobile manufacturing industry to a comprehensive company that provides comprehensive services to consumers, and will directly affect SAIC’s market value promotion plan, which Gu Feng has also made before. With Gu Feng’s "departure", whether Chen Hong’s transformation plan can be smoothly promoted is also facing a test.

Salary limit must be an excuse.

Some people think that Gu Feng’s resignation was due to "salary restriction". SAIC began to implement the salary limit system in the second half of last year, and the annual salary of municipal cadres has been greatly adjusted.

Generally, the level of vice-president is deputy bureau level. According to the standard of city management cadres, the annual salary is only 600,000, and Gu Feng is one of them. There are more than 1,000 people in SAIC with an annual salary of over one million, which also means that as the vice presidents of SAIC, Gu Feng, Zhang Hailiang and others have an annual salary less than that of an engineer. Prior to this, in 2015, the annual salary of the vice presidents of SAIC Group exceeded one million.

Then compare other companies in the automobile industry horizontally. Generally, private enterprises are native to vice-president professional managers with an annual salary of at least one million, and there are not a few imported talents with an annual salary of more than two million. In 2015, President and Executive Director Gui Shengyue had the highest annual salary, reaching 8.646 million; Executive Director Hong Shaolun, with an annual salary of 7.353 million yuan; Wei Jianjun, the chairman, ranked third with a salary of 5,692,400 yuan.

Even so, a person familiar with Gu Feng told reporters: "It must be an excuse to say that Gu Feng left because of salary restrictions."

Gu Feng, born in 1972, graduated from Shanghai University of Finance and Economics with a doctorate in management and a professor-level senior accountant.

As a trained financial man, if he valued his income, he didn’t need to stay in SAIC for a long time. As a traditional manufacturing industry, the annual salary of SAIC executives is only 2 million yuan, which is really insignificant compared with the financial industry.

According to the average wage of urban employees in 2015 released by the National Bureau of Statistics in May this year, the financial industry is still the industry with the highest income, and the annual salary of financial executives is relatively common.

Gu Feng, who could have entered the hottest financial industry naturally, dedicated his career of nearly 20 years after graduation to SAIC.

Gu Feng, who joined SAIC in 1997, participated in the establishment of Shanghai General Financial System. In 2001, after being transferred to SAIC, he led and participated in SAIC’s overall restructuring and listing in three places in 2004 (Shanghai, Hong Kong and new york, but failed to be listed in the end due to various reasons). In 2016, he led SAIC’s whole vehicle business to be injected into the listed company 600104 (the first case in Shanghai and Shenzhen), and led the acquisition of SAIC in 2007. At the same time, using the capital market platform to actively explore the financing channels of SAIC, during his tenure, he raised nearly 40 billion yuan through financial products such as separate transactions and convertible bonds, private placement and medium-term notes, and finally took the lead in setting up the first 20 billion standby syndicated loan in SAIC’s history. The scope of use of syndicated loans has opened up a new direction for standby syndicated loans.

As the chief financial officer in charge of the company’s financial power, Gu Feng also devoted a lot of energy to independent brands, including how to give more support to independent brands from financial resources, how to formulate more reasonable financial processes and systems for independent brands, and how to make independent brands develop more healthily.

At the same time, SAIC has been acquiring and merging its own brands in recent years, and the financial team led by Gu Feng has been actively exploring mergers and acquisitions with the Group, making a strict risk assessment from the financial point of view, and evaluating the long-term value of the acquired fields and whether they meet the company’s future strategic needs and value-added, so as to promote SAIC’s value investment in emerging technology fields.

During his career of nearly 20 years, Gu Feng has served as the deputy manager of the finance department of Shanghai Automotive Industry (Group) Corporation, the deputy manager of the finance department of Shanghai Automotive Group Co., Ltd., the executive director of the capital operation department, the financial controller and the executive director of the capital operation department. Along the way, he is currently CFO of SAIC, general manager of Shanghai Automotive Hong Kong Investment Co., Ltd., general manager of Shanghai Automotive Group Investment Management Co., Ltd. and general manager of SAIC Finance Division.

Elephant turns to PK new platform and goes into battle lightly.

Where to go after SAIC left? Gu Feng himself has not yet announced it. "I want to have a rest first." Gu Feng said.

People who are familiar with Gu Feng speculate that he should enter a new automobile enterprise or a transformation franchise company to engage in his financial "old line".

"With its personal ability and strength, it is possible to make a leap on a new platform and a new starting point." People familiar with Gu Feng think.

In fact, this time coincides with the transformation of SAIC. Under the leadership of Chen Hong, SAIC is actively seeking transformation. Chen Hong integrated SAIC’s business into four sectors: vehicle, parts, automobile service trade and finance.

However, after all, the elephant turns around. For a behemoth like SAIC, any small change means that it may cost a lot. This is also the reason why many large international companies prefer to be conservative rather than innovative.

For SAIC executives, in the traditional manufacturing industry, they will also encounter the ceiling of career development. For example, for Gu Feng, there is almost no room for CFO to move up, unless he leaves SAIC and enters government departments. For example, Ding Lei, the former vice president of SAIC, left the top official of SAIC to be the deputy head of Pudong New Area, but eventually jumped out of the "circle" and joined LeTV with Zhang Hailiang.

On the contrary, the outside world is wonderful. For example, Zhang Hailiang and Ding Lei, who have left SAIC, have successively joined LeTV and become their executives responsible for global business and China business; For Gu Feng, after jumping out of SAIC, it has a wider range of choices. Like Ding Lei, Zhang Hailiang, it can join a new automobile company and enter the financial industry. The financial industry is mostly international, and for Gu Feng, it has more opportunities to display its talents.

Chen Hong’s transformation business faces challenges.

However, Gu Feng’s departure can only be described as "pity" for SAIC.

SAIC is at the critical stage of improving market value management. After taking over from Hu Maoyuan as the chairman of SAIC in August 2014, Chen Hong was questioned by investors at several shareholders’ meetings of SAIC: SAIC’s financial situation is very healthy, and it was called the "most valuable investment" target of A shares by investors, but SAIC’s share price is not high.

Improving market value management has also been written into Chen Hong’s work agenda. In August last year, Chen Hong revealed that SAIC has added the company’s market value management function and investor relations maintenance work in the office of the board of directors.

At the same time, SAIC has implemented SAIC’s transformation strategy through a series of innovative business expansion. According to Chen Hong’s plan, SAIC will accelerate from a traditional enterprise mainly relying on manufacturing to a comprehensive supplier providing consumers with all-round products and services, and strive to become a world-famous automobile company with global layout, transnational operation, international competitiveness and brand influence.

The "task" given by Chen Hong to Gu Feng is to increase the profit of SAIC’s financial business from the current 8% to 15%-20%. In order to achieve the goal smoothly, SAIC Finance Department was established, and Gu Feng was appointed as the general manager. At the same time, Wu Heng, deputy general manager of the Finance Department, and more than a dozen middle and senior cadres of SAIC were appointed.

The financial business has a very high "gold content" among foreign automobile companies. For example, Volkswagen’s business sector has only two large pieces of "manufacturing+finance", and the profit from the financial sector also exceeds 20% of the total profit of Volkswagen. The financial sector made a greater contribution to GM. Before the bankruptcy of GM, the profit from financial business accounted for more than 60%.

After the establishment of the Finance Division, Gu Feng once revealed ambitiously that the future SAIC Finance Division mainly involves four major functions. First, SAIC will integrate and re-plan the businesses of SAIC Finance Company, SAIC General Finance Company, SAIC Equity Investment and Insurance Company under the Finance Division, with the purpose of linking the financial business with SAIC’s industry, so that the financial business can serve the industry, such as launching the business of car owners’ wealth management and car owners’ balance treasure. Even, the financial department may expand SAIC’s financial business by acquiring banks or insurance companies.

Second, after the establishment of the Financial Division, the financial business of SAIC will be centrally managed. Formulate KPI performance appraisal indicators suitable for financial business. Thirdly, SAIC Finance Division will also have the function of investment bank, and make mergers and acquisitions or acquire technologies through the leverage effect of financial business, so as to enlarge and strengthen the business sector. The fourth is to further enhance SAIC’s asset allocation capability.

Now, with Gu Feng’s departure, whether SAIC’s huge plan in financial business can continue to be implemented remains to be further verified.

　　China Institute of Science and Technology Information released a statistical report on China’s scientific papers today. According to the report, the number of papers in the most influential journals in various disciplines in China ranks first in the world for the first time, and the number of papers in high-level international journals and the number of citations rank first in the world.

　　Journals with the highest impact factors in all disciplines can be regarded as the most influential journals in all disciplines in the world. In 2022, there were 159 high-impact journals in 178 disciplines, and the total number of papers in the most influential journals in various disciplines in 2022 was 54,002. The number of papers published in these journals in China is 16,349, accounting for 30.3% of the world’s total, surpassing the United States to rank first in the world for the first time.

　　Journals with the influence factors and total cited times of each discipline living in the top 10% of the discipline, and with more than 50 academic papers and review articles published each year, are selected as representative scientific journals of various disciplines in the world, and the papers published on them belong to high-level international journals. In 2022, a total of 371 international sci-tech journals were selected as representative sci-tech journals of various disciplines in the world, and 348,600 high-level international journal papers were published. According to the statistical analysis of the first author and the first unit, China has published 93,600 high-level international journal papers, accounting for 26.9% of the world total, and the number of citations is 649,600, ranking first in the world in both the number of papers published and the number of citations.

　　In 2022, there were 16 international journals that were cited more than 100,000 times and had an impact factor of more than 30. In 2022, 28,400 papers were published, among which China published 1,140 academic papers and review articles, ranking second in the world, which was the same as in 2021.

　　(CCTV reporter Zhang Chunling Cao Yuzheng)

　　Fuzhou News Network July 19 (Fuzhou Daily reporter Mo Siyu Jun Wu) The renovation project of Red Star in Taijiang District and its surrounding old houses ushered in new progress. The reporter learned from Taijiang District on the 19th that at present, more than 3,000 residential houses involved in the project have been completely relocated and demolished, with a total construction area of more than 960,000 square meters, and the collection has entered the final stage.

　　The renovation project of Hongxing and its surrounding old housing areas is the largest old housing area renovation project within the Second Ring Road of our city at present. The total number of households involved in relocation is 7858, and the total area of houses to be expropriated is about 1.003 million square meters. The expropriation was officially started on September 18, 2017.

　　"Finally wait until this day!" Guo Dajie, who originally lived in Hongxing New Village, expressed the voices of many relocated households. Although the plot is located in the central city, it is a mixture of private houses, old prefabricated new villages, industrial warehouses, unit dormitories, etc. The housing density is high and the population is dense, and the public supporting facilities are obviously lagging behind. The voice of the masses for old reform is very strong.

　　Chen Jinhuo’s family of 11 people in Paiwei Community is crowded into an old house of 109 square meters, and Liu Ruihua’s family in Yangzhongli is always on tenterhooks every typhoon day … In the renovation project of old houses in Hongxing and surrounding areas, there are not a few families like them who live in high density and look forward to improving housing conditions.

　　7858 households, such a heavy collection work, how to implement it scientifically and efficiently? The "five in one" harmonious expropriation of "scientific expropriation, joint expropriation, efficient expropriation, sunny expropriation and tender expropriation" is the answer given by Taijiang District.

　　Zhu Teng, deputy head of Taijiang District, told the reporter that the plot was divided into four areas, A, B, C and D, each of which was covered by four teams in the district. Nearly 500 cadres and workers from 10 streets in the whole district have formed more than 20 working groups, all of which have been pressed to the front line, and have gone deep into households and units under their jurisdiction to carry out publicity and mobilization, forming a strong joint force to promote the work.

　　Whether it is the 89-year-old elderly who are hospitalized in Minhou or the property owner who is serving a sentence in Wuyishan, as long as the people need it, the collection staff always overcomes all difficulties to provide them with on-site services. "We hope that through on-site service, those people who have difficulties can understand the policy, dispel their doubts and truly trust us, thus promoting the development of land requisition and relocation." Zhu Teng said.

　　It is precisely under the promotion of the "five in one" collection that up to now, 7,852 households have been relocated in the renovation project of Hongxing and its surrounding old housing areas, with a total of 28,767 people relocated. The houses of the households involved have been completely relocated and demolished, and only the production of the remaining six provincial and municipal units is still being coordinated.

　　According to reports, the renovation project of Hongxing and its surrounding old housing areas involves 321.15 mu of administrative office land, educational and scientific research land, social welfare land, water system land and urban road land, which can be used to build 443.85 mu of resettlement housing land. According to the latest planning of the Municipal Planning Bureau, more than 700,000 square meters of resettlement houses can be built.

　　"The renovation and post-development of the old housing area can not only improve the living conditions of the people in the region, but also further develop the high-end commercial industry and create a new commercial center and emerging urban complex in Taijiang." Zhu Teng said.

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Country Garden was petitioned for liquidation and bankruptcy was imminent.

Country Garden objected to the liquidation petition, and the company was finally liquidated.

On February 28, 2024, Country Garden announced that the company was informed that EverLimited filed a liquidation petition against the company in the High Court of the Hong Kong Special Administrative Region on February 27, concerning the unpaid term loan with a principal of about HK$ 1.6 billion and accrued interest between the petitioner and the company.

On October 10, 2023, Jiantao Group announced that Country Garden failed to repay the money according to the financing agreement, and the lender issued a statutory demand for repayment to Country Garden, demanding repayment of some due payables. As of October 10, 2023, the outstanding principal amount of Country Garden was still HK$ 1.598 billion.

In this regard, Country Garden said that the debt amount of the company involved in Jiantao Group accounts for a very low proportion of the overall interest-bearing liabilities abroad, and the radical action of a single creditor will not have a significant impact on the company’s security, normal operation and overall restructuring of overseas debts. The company resolutely opposes the petition for liquidation, and will seek legal advice, take all necessary actions, and actively and properly defend with the consulting team.

Country Garden also said that at present, all the operations of the company are normal, and it will continue to focus on ensuring delivery and operation, and protect the rights and interests of all stakeholders, including house owners, creditors, investors and employees, to the greatest extent. The presentation of the petition does not mean that the petitioner can successfully liquidate the company. On the date of announcement, the High Court did not issue a liquidation order to liquidate the company. The High Court has set the first hearing date of the petition as May 17, 2024.

Regarding the restructuring of overseas debts, Country Garden said that since it was announced that it could not repay all overseas debts as scheduled, the company has hired financial and legal consultants to assist in evaluating the capital structure and liquidity of the Group and formulating an overall solution. At present, an effective communication mechanism has been established with the representative groups of major overseas creditor groups, and the overall restructuring of overseas debt is being actively and orderly promoted.

　　The reporter learned from the medical insurance department of Lianyungang City that according to the spirit of relevant national and provincial documents, in accordance with the overall plan of "Class B tube" and the requirements of "protecting health and preventing serious illness", Lianyungang City quickly optimized and implemented relevant medical security policies, and implemented "Class B tube" from the date of new coronavirus infection, and implemented it first until March 31, 2023.

　　The hospitalization expenses are all included in the comprehensive security.

　　Make clear the payment policy of hospitalization medical insurance in COVID-19. Novel coronavirus infected patients in all medical institutions, in line with the health department to develop novel coronavirus infection treatment program of hospitalization medical expenses, in the basic medical insurance, serious illness insurance, medical assistance and other payment in accordance with the provisions, the personal burden of part of the financial subsidies.

　　Outpatient reimbursement of primary medical institutions is 75%

　　To clarify the reimbursement ratio of special outpatient support in COVID-19. Cooperate to promote the implementation of graded diagnosis and treatment, guide patients to seek medical treatment at the grassroots level, and ensure stable and orderly medical services. For outpatient and emergency expenses of patients with novel coronavirus infection and suspected symptoms in designated medical institutions (secondary and below medical institutions), there is no deductible line and reimbursement limit for medical insurance fund payment, and the proportion of basic medical insurance fund payment is 75%.

　　It is understood that this policy will increase the support of medical insurance to primary medical institutions (secondary and below medical institutions) in rural areas and urban communities, so as to guide patients to primary medical treatment and promote the implementation of graded diagnosis and treatment. If the outpatient and emergency expenses of novel coronavirus infection treatment for insured patients in other medical institutions occur, they shall be implemented according to the existing outpatient security policy.

　　Non-designated medical institutions are temporarily included in the management of medical insurance settlement agreement according to regulations.

　　Non-designated medical institutions are temporarily included in the management of medical insurance settlement agreements. Open a green channel for non-designated medical institutions with the ability to accept infected patients in Covid-19, and sign the Temporary Special Agreement on Medical Insurance Expense Settlement of Medical Institutions with the requirements of medical insurance agreement management with non-designated medical institutions in accordance with the requirements of medical insurance agreement management, and incorporate it into the management of medical insurance settlement agreement according to regulations.

　　The temporary special agreement is valid from the date of signing to March 31st; After the expiration, if it is voluntarily included in the fixed-point management of basic medical insurance, it is necessary to re-submit an application for agreement management to the local medical insurance department and accept the assessment according to the regulations.

　　The first consultation of "internet plus" medical service is included in the medical insurance payment.

　　In view of novel coronavirus’s open Internet first-visit service, medical insurance mobile payment and settlement services are provided for patients who have symptoms related to novel coronavirus infection and meet the Guidelines for Home Treatment of Covid-19 Infected Persons according to regulations. The municipal medical insurance department provides support according to the principle of online and offline consistency, and the price policy and reimbursement standard of Internet first-visit medical services are consistent with offline. The follow-up service for infection-related symptoms in novel coronavirus is still implemented according to the existing reimbursement policy for Internet follow-up.

　　Do a good job in the settlement of expenses for patients with novel coronavirus infection in different places

　　The hospitalization, outpatient and emergency expenses of infected patients in novel coronavirus in networked hospitals with conditions in different places are uniformly included in the networked direct settlement. Temporarily do not have the conditions, the insured patients can hold the relevant outpatient bills to the insured medical insurance agencies to apply for manual reimbursement, unified implementation of the insured novel coronavirus infection and suspected symptoms of patients with outpatient and emergency special security policy. The medical expenses incurred by the hospitalization expenses of infected patients in different places in novel coronavirus will continue to implement the national inter-provincial liquidation policy, and the personal burden will be settled by the financial funds of the medical treatment places.

　　Diplomacy is no small matter. Some seemingly casual details often reveal meaningful signals.

　　Just now, in the Oval Office, US President Trump met with Liu He, Vice Premier of the People’s Republic of China, the special envoy of the Supreme Leader. The meeting lasted 40 minutes. According to the subsequent release of Xinhua News Agency, Trump also emphasized to Liu He:I highly cherish the good working relationship and personal friendship with the Chairman of the Supreme Leader.

　　Trump, the chief correspondent of Twitter in the White House, also quickly posted relevant information on Twitter, saying that he had talked with Liu He about trade issues. In the photo, Trump with a red tie stood on the right and Liu He with a blue tie stood on the left. They shook hands and smiled.

　　Sino-US trade negotiations are still going on, but during the talks, Trump suddenly met Liu He at the White House, and the information conveyed should be quite rich, at least these three clear signals:

　　1. There have been subtle changes in the attitude of the United States.

　　The last time Liu He visited Washington, not long ago, US Treasury Secretary Mnuchin led a delegation to Beijing for consultations, but the top leaders of the two countries did not come forward to meet. But this time, Trump not only met with Liu He, but also smiled brilliantly.In addition to Mnuchin and other US ministers, accompanied by US Vice President Burns. The President and Vice President of the United States met with Liu He, a vice-national.It can also be seen that the US attaches great importance to the China delegation.

　　In addition, in the Xinhua News Agency report, the first thing Trump said to Liu He was,"It is very important for the United States and China to maintain good cooperative relations in the economic and trade field." Please note that this is "very important".Since it is very important, the United States should also be soberly aware that once it derails, it will shake the earth.

　　Second, China and the United States have differences, but both want to solve them properly.

　　According to Xinhua News Agency, Trump said to Liu He:"I hope that the economic teams of the two countries will work together to actively solve the problems existing in the economic and trade relations between the two sides."Liu Heze said:"China is willing to work with the United States to properly handle and solve economic and trade issues of mutual concern on the basis of equality and mutual benefit, and ensure that economic and trade cooperation will continue to be the ballast stone and propeller of Sino-US relations."

　　There are indeed big differences between the two sides. What should we do? Please note that the Chinese word is "properly handled" and Trump’s word is "actively resolved". There are subtle differences in words, but their attitudes are basically the same. In other words, both sides believe that these differences should not be allowed to affect the relations between the two countries, which creates better conditions for the final success of the negotiations. Of course, China also has principles: on the basis of equality and mutual benefit.

　　Third, there is huge space for future cooperation between China and the United States.

　　During the meeting, Trump also said this to Liu He:The United States and China should focus on strengthening trade and investment cooperation in the fields of energy and manufacturing, expanding agricultural products trade and market access, and strengthening cooperation in intellectual property protection to bring more practical benefits to the two peoples.

　　This should be the key cooperation area listed by the United States.These are all businesses, and China really may not suffer.It must be noted that in these areas, the United States has great advantages, and China’s appropriate increase in some imports is conducive to meeting people’s needs for a better life and is more conducive to the formation of a domestic competitive market. For example, energy is the blood of the economy, and China needs to import a lot of energy to develop; China needs blue sky, and natural gas is in short supply. In this regard, the United States can make more contributions. Of course, China’s energy exploitation technology should also catch up quickly.

　　In the previous article, bullpiano said,The trade war between China and the United States seems to be on the verge of exploding, but from the perspective of the ultimate win-win situation of harmony and wealth, it is just a fierce bargaining before larger-scale cooperation.

　　For the delegation of China, this is really a heavy responsibility. We must defend China’s legitimate rights and core interests, and we must defend the multilateral free trade system and global free trade.

　　Because in the process of consultation, there is no lack of wild speculations. Some western media also broadcast the so-called news that China made substantial concessions and accepted the US deficit reduction of $200 billion.

　　However, people familiar with the matter made it clear that this is false and purely misunderstood.

　　According to the interpretation of relevant people:

　　1. It is absolutely impossible for the Chinese team to negotiate under the conditions set by the US. This point has long been made public in the last round of Beijing consultations.

　　2. Some of China’s concerns, such as the ZTE incident, have been hinted by the relevant US parties in Twitter a few days ago; In addition, both sides have made progress in expanding the export of chips and high-tech products to China in the United States and relaxing energy exports to China. The final result of this transaction is worth looking forward to. Some people worry that China will make unilateral concessions, which is unnecessary.

　　3. The final result of the negotiations will come out after a while, and the so-called rumors of China’s concessions will be broken by then!

　　However, this is still a bitter battle.

　　According to informed sources,Just a few hours before Trump met with Liu He, the two sides still refused to give in to each other on the focus issue, and the negotiations were once deadlocked.Trump’s sudden meeting and the smiling handshake between the two sides undoubtedly put an end to the hard negotiation of this day.

　　Negotiations will continue and the game is still going on. Strive for the best results and prepare for the worst.Tomorrow is a crucial day!(Author Niu Qinqin)

The issues of VAT collection and management, such as input tax deduction for domestic passenger transport services, are hereby announced as follows:

I. Input tax deduction for domestic passenger transport services

(1) The "domestic passenger transport service" as mentioned in Article 6 of the Announcement of the General Administration of Customs of the Ministry of Finance on Deepening the Reform of Value-added Tax (Announcement No.39 of the General Administration of Customs of the Ministry of Finance, 2019) is limited to employees who have signed labor contracts with their own units, and domestic passenger transport services that occur to employees who are dispatched by labor services accepted by their own units as employers.

(2) If a taxpayer purchases domestic passenger transport services with the tax amount indicated on the obtained VAT electronic ordinary invoice as the input tax amount, the buyer’s name, taxpayer identification number and other information indicated on the VAT electronic ordinary invoice shall be consistent with the taxpayer who actually deducts the tax, otherwise it will not be deducted.

(3) The input tax amount of domestic passenger transport services that taxpayers are allowed to deduct refers to the value-added tax amount actually incurred by taxpayers on or after April 1, 2019, and indicated in or calculated on the basis of legal and valid value-added tax deduction certificates. If the VAT special invoice or VAT electronic ordinary invoice is used as the VAT deduction voucher, it shall be the VAT special invoice or VAT electronic ordinary invoice issued on or after April 1, 2019.

Second, about the addition and deduction

(1) Announcement of the General Administration of Customs of the Ministry of Finance on Deepening the Reform of Value-added Tax (Announcement No.39 of the General Administration of Customs of the Ministry of Finance, 2019) Article 7 applies the so-called "sales" to the policy of adding and deducting, including sales declared by tax, sales checked and supplemented by tax, and sales adjusted by tax assessment. Among them, the sales amount of tax declaration includes the sales amount of general tax method, the sales amount of simple tax method, the sales amount of tax exemption, the sales amount of invoice issued by the tax authorities, and the export sales amount of exemption, credit and refund, that is, the sales amount of the project that is refunded immediately after collection.

Check, make up sales and tax assessment adjust sales, which are included in the check, make up or assess and adjust the current sales, and determine that the policy of adding and deducting is applicable; If the policy of collecting the difference in value-added tax is applicable, the policy of adding and deducting shall be determined based on the sales after the difference.

(2) For taxpayers established before March 31, 2019, and whose sales from April 2018 to March 2019 were all zero, the policy of adding and deducting shall be determined based on the sales for three consecutive months from the month when the sales were first generated.

Taxpayers established after April 1, 2019, and whose sales for three months from the date of establishment are zero, will be determined to apply the add-and-subtract policy based on the sales for three consecutive months from the month when sales are first generated.

(3) With the approval of the Ministry of Finance and the State Taxation Administration of The People’s Republic of China or its authorized financial and tax authorities, the head office and its branches that implement consolidated payment of value-added tax shall determine that the head office and its branches shall apply the policy of adding and deducting based on the total sales of the head office and its branches at the same level.

Three, about some advanced manufacturing value-added tax refund at the end of the period.

Since June 1, 2019, taxpayers who meet the requirements of the Announcement of the Ministry of Finance and the State Administration of Taxation on Defining the Tax Refund Policies for Some Advanced Manufacturing Industries at the End of VAT (Announcement No.84 of the Ministry of Finance and the State Administration of Taxation in 2019) should apply for the refund of incremental tax credits, and should handle the relevant tax refund business in accordance with the Announcement of State Taxation Administration of The People’s Republic of China on Handling Tax Refund for Tax Credits at the End of VAT (State Taxation Administration of The People’s Republic of China Announcement No.20 of 2019). The Application Form for Tax Refund (Refund) (State Taxation Administration of The People’s Republic of China Announcement No.20 of 2019) was revised and re-released (Annex 1).

Four, the application of tax exemption policy for small-scale taxpayers whose operating period is less than one tax period.

Since January 1, 2019, small-scale VAT taxpayers with a tax payment period of one quarter are exempted from VAT if the actual operating period of the current period is less than one quarter due to the establishment or cancellation in the middle of the quarter, and the current sales amount does not exceed 300,000 yuan. Item (3) of Article 6 of the Announcement of State Taxation Administration of The People’s Republic of China on Comprehensively Pushing Forward the Pilot Project of Changing Business Tax to Value-added Tax (State Taxation Administration of The People’s Republic of China Announcement No.23 in 2016 and State Taxation Administration of The People’s Republic of China Announcement No.31 in 2018) shall be abolished at the same time.

V. Small-scale taxpayers in the cargo transportation industry apply for issuing special VAT invoices on their behalf.

Value-added tax taxpayers who apply for issuing special VAT invoices on behalf of small-scale taxpayers in the cargo transportation industry (State Taxation Administration of The People’s Republic of China Announcement No.55 of 2017, revised and issued by State Taxation Administration of The People’s Republic of China Announcement No.31 of 2018) and small-scale cargo transportation enterprises with Internet logistics platform stipulated in Notice of State Taxation Administration of The People’s Republic of China on Launching Pilot Work of Issuing Special VAT Invoices on behalf of Internet Logistics Platform Enterprises (Tax General Letter [2017] No.579) issue special VAT invoices on their behalf and handle related tax-related matters.

Providing road freight transport services (except those engaged in ordinary road freight transport business with ordinary freight vehicles of 4.5 tons or less), and obtaining the People’s Republic of China (PRC) Road Transport Business License and the People’s Republic of China (PRC) Road Transport Certificate; To provide inland river cargo transport services, it has obtained the Domestic Waterway Transport Business License and the Ship Transport Business License.

Six, on the transport space contracting and space exchange business applicable tax items.

(1) In the transportation space contracting business, the contracting party shall take the total price and extra-price fees charged by it to the contractor as sales, and pay value-added tax according to "transportation services". The contractor shall take the total price and other expenses charged by it from the shipper as the sales amount and pay the value-added tax according to the "transportation service".

Transport space contracting business means that the contractor signs a transport service contract with the shipper as a carrier, collects the freight and assumes the responsibility of the carrier, and then entrusts the employer to actually complete the relevant transport services by contracting other people’s transport space.

(2) In the business of exchanging transport spaces, both parties who exchange transport spaces take the total price and extra-price expenses confirmed by their respective exchange of transport spaces as sales, and pay value-added tax according to "transportation services".

Transport space interchange business refers to the business activities in which taxpayers sign a transport agreement and use each other’s transport space to complete related transport services in their respective transport business as carriers.

Seven, about the construction service subcontract difference deduction.

Subcontract payments allowed to be deducted from the total price and out-of-pocket expenses obtained by taxpayers for providing construction services refer to the total price and out-of-pocket expenses paid to subcontractors.

Eight, on the cancellation of construction services simple tax items for the record.

If the general taxpayer providing construction services applies or chooses to apply the simple tax calculation method according to the regulations, the filing system will no longer be implemented. The following certification materials do not need to be submitted to the tax authorities, but are kept for future reference:

(a) to provide construction services for old construction projects, and to retain the building construction permits or the construction project contract;

(two) the construction services provided for the project provided by Party A and the construction services provided by the contractor shall be retained in the construction project contract.

Nine, on the reclamation of real estate projects for simple taxation.

Real estate projects that ordinary taxpayers in real estate development enterprises have acquired land by reclamation and developed, and the commencement date of reclamation indicated in the reclamation project "building construction permits" or the construction project contract is before April 30, 2016, which belongs to old real estate projects. You can choose to apply the simple taxation method to calculate and pay VAT at the rate of 5%.

X. Determination of the purchase price of restricted shares

(1) When a taxpayer transfers the restricted shares formed by the initial public offering and listing due to the simultaneous implementation of the share-trading reform and major asset restructuring, as well as the stock transfer and conversion arising from the above-mentioned shares from the first day of listing to the lifting of the ban, the opening price of the listed company’s shares on the first day of listing is taken as the purchase price, and the value-added tax is paid according to the "transfer of financial commodities".

(II) If a listed company suspends trading for many times due to the implementation of major asset restructuring, the "stock suspension" as mentioned in Item (3) of Article 5 of the Announcement of State Taxation Administration of The People’s Republic of China on Several Issues Concerning the Collection and Management of the Pilot Project of the Reform of Business Tax (State Taxation Administration of The People’s Republic of China Announcement No.53 in 2016 and State Taxation Administration of The People’s Republic of China Announcement No.31 in 2018) refers to the last suspension before the China Securities Regulatory Commission makes a decision on approving the application for major asset restructuring of listed companies.

Eleven, about the insurance service input tax deduction.

(1) If a taxpayer providing insurance services assumes the motor vehicle insurance liability by paying in kind, the input tax amount of the vehicle repair services purchased by itself from the vehicle repair service provider can be deducted from the output tax amount of the insurance company according to the regulations.

(2) If the taxpayer providing insurance services assumes the motor vehicle insurance liability by cash payment, the compensation payable to the insured shall be paid directly to the vehicle repair service provider, which does not belong to the vehicle repair service purchased by the insurance company, and the input tax shall not be deducted from the output tax of the insurance company.

(3) Other property insurance services provided by taxpayers shall be governed by the above provisions.

Twelve, about the application of catering service tax items

Taxpayers make food on the spot and sell it directly to consumers, and pay VAT according to "catering service".

XIII. On Issuing the Invoice of the Original Applicable Tax Rate

(1) Since September 20, 2019, if taxpayers need to issue blue-ink invoices with tax rates of 17%, 16%, 11% and 10% through the VAT invoice management system, they should submit the Letter of Commitment for Issuing Invoices with Original Applicable Tax Rates (Annex 2) to the competent tax authorities for temporary invoicing authority. The validity period of the temporary invoicing authority is 24 hours, and the taxpayer shall issue an invoice with the original applicable tax rate within the prescribed time limit for obtaining the temporary invoicing authority.

(two) the taxpayer shall keep the transaction contract, the red-ink invoice, the receipt of the payment certificate and other related materials for inspection.

(3) If the taxpayer fails to issue the invoice of the original applicable tax rate as required, the competent tax authorities shall handle it in accordance with the existing relevant regulations.

Fourteen, about the implementation time of this announcement.

Articles 1 and 2 of this announcement shall come into force as of the date of promulgation, and Articles 5 to 12 of this announcement shall come into force as of October 1, 2019. Matters that have not been dealt with before shall be implemented in accordance with this announcement, and matters that have been dealt with shall not be adjusted. Measures for the Administration of Small-scale Taxpayers in the Freight Transport Industry Applying for Special VAT Invoices (State Taxation Administration of The People’s Republic of China Announcement No.55, 2017), State Taxation Administration of The People’s Republic of China Announcement No.31 of 2018 was revised and released) Item (2) of Article 2, Notice of State Taxation Administration of The People’s Republic of China on Launching the Pilot Work of Issuing Special VAT Invoices on behalf of Internet Logistics Platform Enterprises (Tax General Letter [2017] No.579) Item (2) of Article 1, Announcement of State Taxation Administration of The People’s Republic of China on Simplifying the Filing of Simple Taxation Method for Construction Services (State Taxation Administration of The People’s Republic of China Announcement No.43 of 2017, State Taxation Administration of The People’s Republic of China)

It is hereby announced.

Attachment: 1. Tax Refund (Credit) Application Form

　 　 　 2. Letter of Commitment for Issuing the Invoice of the Original Applicable Tax Rate

State Administration of Taxation (SAT)

September 16, 2019

　　Cctv news (Reporter Li Wenliang): From 0: 00 to 24: 00 on October 25, Shandong Province reported 2 new confirmed cases, including 1 local case reported by Rizhao City, which was a returnee from other provinces; Qingdao reported a case of India’s import.

　　On the evening of October 25th, a patient with positive nucleic acid test was found in Wulian County. In the early morning of 26th, the patient was diagnosed as COVID-19 (common type) after consultation by the expert group. Patient Zhao Moumou, now living in the urban area of Wulian County, has carried out comprehensive investigation, tracking and control of Zhao’s secret connection, sub-secret connection and risk personnel. After the flow adjustment, its main activity track is:

　　On 15th, take the G2259 train from Rizhao West to Yinchuan, 15— On the 17th, the main venues for the event were Xingyuejia Hotel in Yinchuan, the noodle restaurant opposite the bridge on the right side of the hotel, the vicinity of Ximeidi construction site in Yandun Lane, jinfeng district, Jiuyi Hotel, Weijia Banquet in xingqing district, Xindelong Service Station and Ramen Restaurant in Traffic Logistics Park, and Longshanghong Private Cuisine.

　　On the 18th, take G2261 Yinchuan — Rizhao high-speed train, arrive at Rizhao West Station, get off and take Rizhao — Wulian 301 bus gets off at Hongfeng Building.

　　On the 19th, after reporting to the residential property at 8:00 in the morning, I drove to the rehabilitation hospital for nucleic acid test, and the result of nucleic acid test was negative, and then I went to Xiaochen vegetable shop to buy food.

　　20th — On the 25th, activities were mainly held in the vicinity of work units and residential quarters. The activities were held at the entrance of Hongning Central Primary School, Kangdu Pharmacy, Shancheng Chicken Shop, Jihou Market, Deli Supermarket, Madehong Department Store, Xiluoshan Shopping Mall, Shili Shuxiang Sales Office, Yuangong Road Calligraphy Workshop and Hope Art Education.

　　On the 25th, I went to the rehabilitation hospital by car, and then was referred to the fever clinic of the county people’s hospital. The nucleic acid test was positive. After consultation by the expert group, I was diagnosed as COVID-19 (ordinary type), and then I was transferred to the designated hospital in the city for isolation treatment.

　　The office of the leading group (headquarters) of Wulian County Committee for coordinating the prevention and control of epidemic situation and economic operation draws the attention of those who have recently overlapped with the space-time trajectory of the confirmed case, those who have been to or passed through medium-high risk areas, and those who are accompanied by others, to report their personal information to their units, communities (villages) and hotels at the first time, stay at home in isolation, and actively cooperate with the implementation of epidemic prevention and control measures such as nucleic acid detection, medical observation or health monitoring.

　　According to the work place and activity place of the confirmed case, Wulian County divides the relevant areas with certain transmission risk into control areas (south of Wenhua Road, west of Shandong Road, north of Tengfei Road and east of Hongning River), and implements "no people leaving the area, no gathering, and full-time nucleic acid detection"; The community where the confirmed cases are located and the surrounding areas with frequent activities are determined as sealed control areas (12 key areas, such as Wantong Hydraulic, Xuefu No.1 Community, Hongning Central Primary School, PICC P&C Company, Rehabilitation Hospital and Lianhuiyuan Community, are sealed control areas). At the same time, the "regional closure, staying at home and providing services to all employees" is implemented, and the nucleic acid detection of all employees is quickly started. In accordance with the requirements of "ensuring that all test results are taken out as soon as possible", the identified close-contact and sub-close-contact personnel will complete the nucleic acid test overnight and strictly implement home isolation.

I have to say that the overall design is in line with the aesthetics of Chinese people. Generally speaking, the front of the new generation of Fengjun 7 has become more tough, and some protruding lines have been added to the hood, which looks quite muscular and looks very energetic after the headlights are lit. The side of the car body with a rising side shape creates a sense of readiness and looks very sporty. At the same time, Fangzheng’s tail shape echoes the front, and the design of the taillights is also interesting, which shows great personality after lighting.

Inside the car, the new car adopts the latest design style and layout of the Great Wall, which is very atmospheric as a whole. The steering wheel is made of leather, which feels good and makes people feel energetic when driving. The center console and the door panel are made of the most basic black plastic, but the details are not bad. The front row is also equipped with an automatic air conditioning control system, which can freely debug the most comfortable space atmosphere. And there are environmentally friendly ergonomic seats.

Fengjun 7 has a car length of 5425mm, a car body width of 1800mm and a wheelbase of 3350mm, which is quite satisfactory. In the same class, the wheelbase of Fengjun 7 ranks 15th. The interior space of the car is relatively spacious at the same level, the height and width of the car are ideal, and the legroom in the back row will not feel cramped, which belongs to the upper-middle level at the same level. Among the models of the same price and class, the trunk volume of Fengjun 7 ranks 15th. It can basically meet the luggage space for family travel. But there is no extra hidden storage space.

Fengjun 72.0T four-wheel drive elite diesel engine adopts 2.0, with a maximum horsepower of 139 and a peak torque of 330, matching the manual (MT) gearbox. It will definitely bring unforgettable control charm. Ranked 7 th among 80,000-120,000 pickup trucks.

The active/passive safety configuration of Fengjun 7 is complete, includingAutomatic parking、Zero tire pressure endurance tire、Automatic parking、Steep slope descent、hill start assist control、knee airbag、HUD head-up display、Anti-lock braking (ABS)、Braking force distribution (EBD/CBC, etc.)、Brake assist (EBA/BAS, etc.)、Traction control (ASR/TCS, etc.)、Active noise reduction、Engine start and stop、Side safety air curtain、Wireless charging of mobile phone、night vision system、LED daytime running lights、Forward reversing radar、Tire pressure monitoring、Steering wheel heating、Body stability control (ESP/DSC, etc.)、Rear reversing radar、Fatigue reminder、Remote parking、Child seat interface、Lane keeping (LKAS)Equal configuration.

Among them,Automatic parkingYou can avoid stepping on the brakes for a long time or needing to pull frequently;Steep slope descentCan safely pass through steep slope road conditions at low speed;knee airbagReduce the injury of the car interior to the occupant’s knees in the secondary collision.

In order to get a more comprehensive and objective understanding of Fengjun 7, you can go to the Easy Car Fengjun 7 forum and browse the messages of users who have bought the car in history.

The tinkering in the first half of the year has passed, and then domestic car companies will obviously enter the year-end big ratio. Recently, everyone must have seen that various car companies have made frequent new moves, and various technologies or new products have been preheated in an endless stream, suggesting that the next July and August are doomed to be quiet.

Today, let’s take a look at a new car that is about to come out and see which one suits you best.

Huawei’s flagship executive sedan — Xiangjie S9

Enjoy the world S9 is extremely hot recently, mainly because Yu Chengdong directly exposed the most mysterious interior part of the car, which can make everyone feast their eyes.

The interior of Enjoy World S9 reveals a breath everywhere, and that is dignity. The leather package can be seen everywhere in the whole car, with solid wood decorative boards and various metal chrome-plated solid buttons. In the front row, there are integrated penetrating screens similar to the Milky Way scroll, noble Schroeder diffuser units, hidden atmosphere lights and so on. The rear row is even more luxurious, with double zero gravity seats, 8 sunshade curtains, laser projection, folding small tables and handrails, etc., which perfectly integrate the administrative level with scientific and technological intelligence and give the ultimate answer to the new era.

Previously, Enjoy World S9 announced that the pre-sale price will be 450,000-550,000 yuan, and Huawei ADS3.0 intelligent driving technology will be launched.The vehicle has a length, width and height of 5160x1987x1486mm and a wheelbase of 3050 mm. It is divided into single-motor rear drive and dual-motor four-wheel drive, and has two kinds of battery packs of 79.9 degrees and 97.6 degrees.

The emergence of the enjoyment world S9 is bound to form a strong potential with the question world M9, and launch a fierce high-end competition for BBAs.

Weilai Ledao L60, the first family SUV of the sub-brand.

Ledao L60 is also a popular new car with pre-sale at present. It is planned to be officially launched in September, and the pre-sale price now starts at 219,900 yuan, which is the first product of Ledao, the first sub-brand of Weilai.

The direct competitor of Ledao L60 is Tesla ModelY, which adopts a similar sliding back coupe SUV shape, with split light groups at the front and rear, featuring European minimalist style, quite advanced face value, and extremely low wind resistance. With Weilaizhun 900V high-voltage platform, the energy consumption is said to surpass Tesla.

Thanks to the short suspension design in front and back, the interior seating space of Ledao L60 is excellent. The instrument screen is cancelled in the front row, and the HUD+17-inch 3K large horizontal screen design is adopted. The rear row is equipped with an 8-inch entertainment control screen. There is no lidar in the whole vehicle, and it adopts a single OrinX chip+pure visual intelligent driving. When it goes online, it supports the national urban area without maps. After all, it is blessed by the strength of Weilai’s main brand.

Ledao L60 is famous for its extreme large space, low energy consumption, strong intelligence, overcharge and battery replacement, etc. It is an SUV product tailored by Weilai for mainstream home users, and it is divided into different versions such as single-motor rear drive and dual-motor four-wheel drive, which is a dark horse worthy of attention in the second half of the year.

Tucki Mona 03: 150,000 Class Strongest AI Smart Car

Tucki MONA03 will be officially launched in August. He Xiaopeng said that MONA03 is a very beautiful car belonging to young people. This car is positioned in the B-class sedan, with the lowest drag coefficient in the world, and it focuses on leapfrog AI intelligence.

Tucki M03 adopts the most beautiful car design curve with an aspect ratio of 1.31, has the only electric hatchback tailgate in its class, and the lowest wind resistance of the whole vehicle is 0.194. The whole system is equipped with AGS fully integrated active air intake grille as standard, with five car paint colors to choose from, and will be equipped with the latest AI intelligent cockpit in Tucki and the first pure vision high-order intelligent driving.

Fashion, intelligence and low energy consumption will be the core selling points of Tucki M04, but correspondingly, its power is relatively low, the top speed is only 180km/h, and there is no dual-motor four-wheel drive option. Do you think Tucki M03 will sell well?

Extreme Yue 07 may be one of the pure electric cars with the highest value.

Another pure electric car with the same face value belongs to the ceiling of the industry, and there is the Extreme Yue 07. At present, the car has arrived in the store one after another, and it is expected to meet you formally soon. It is located in the range of 200,000-300,000 yuan, belonging to a medium and large pure electric car with a wheelbase close to 3 meters.

The vehicle length, width and height of the Extreme Yue 07 are 4953/1989/1475mm, and the wheelbase is 3013 mm. It continues the same family design language of the previous generation Extreme Yue 01, including through-type daytime running lights, extremely smooth side curved lines, large sliding back modeling, hatchback tailgate, intelligent driving interactive lights and so on. The interior part also continues the integrated horizontal screen, with Qualcomm Snapdragon 8295 full blood chip, half steering wheel, sports seat, suede ceiling, panoramic canopy and so on.

In terms of power, Extreme Yue 07 offers a single-motor rear-drive version and a dual-motor four-wheel drive version. The former has a maximum motor power of 200kW, matching the battery packs with 71.4kWh and 100kWh capacities; The latter is equipped with 200kW+200kW front and rear dual motors. The comprehensive power of the system is 400kW(544 HP), the battery capacity is 100kWh, and the cruising range is 770km. The four-wheel drive version is equipped with CDC electromagnetic suspension.

It can be seen that it is basically the same chassis power as Extreme Yue 01 and Extreme Krypton 001, and its mechanical quality is very trustworthy.

Krypton MIX and Krypton SUV, launched in the fourth quarter.

In the second half of the year, we also prepared two new cars. The first one to be listed will be the "Baby Bus" MIX. We have seen the interior of this car in detail, full of various design details, and the completion is extremely high; The other is the same SUV based on 007 family design language, which is expected to be listed in the fourth quarter.

Extreme Krypton MIX is a very unique five-seat SUV, which adopts the front-to-back door design, and the front seats can be turned to the back. The overall interior style attaches great importance to the sense of family warmth. At the same time, due to the excavation of a large space with a wheelbase of nearly 3 meters on the basis of a vehicle length of more than 4 meters, the extreme Krypton MIX has only a single motor rear-drive version, equipped with a 310kW motor, with Qualcomm Snapdragon 8295 intelligent cockpit and extreme Krypton self-developed vast intelligent driving, and has high-low versions such as single Orin pure vision and double Orin laser radar.

Not surprisingly, the starting price of Krypton MIX will be around 200,000. As a niche model, its market sales performance is worth looking forward to.