爱上海419论坛-阿拉上海后花园419-夜上海最新论坛社区-上海品茶工作室

On January 29th, car home (ATHM) fell 2.18% in intraday trading to 24.65 USD/share at 23:18, with a turnover of 750,400 USD.

According to financial data, as of September 30, 2023, car home’s total revenue was 5.273 billion yuan, a year-on-year increase of 4.46%; The net profit of returning to the mother was 1.489 billion yuan, up 18.04% year-on-year.

Important reminder:

On February 6th, car home will disclose its annual report for fiscal year 2023 before the market closes.

　　The industry believes that a consumption tax on luxury cars in the retail sector will not only reasonably guide consumption, but also increase fiscal revenue.

　　The Ministry of Finance and the State Administration of Taxation issued a notice yesterday, saying that in order to guide rational consumption and promote energy conservation and emission reduction, with the approval of the State Council, consumption tax will be imposed on ultra-luxury cars. This regulation will be implemented as of December 1, 2016.

　　Tax will be increased by 10% on the sales of ultra-luxury cars.

　　The notice pointed out that the sub-tax item of "super luxury cars" will be added under the tax item of "cars". The scope of collection is passenger cars and light commercial buses with a retail price of 1.3 million yuan (excluding value-added tax) and above, that is, ultra-luxury cars in the sub-tax items of passenger cars and light commercial buses. For ultra-luxury cars, on the basis of the consumption tax levied at the current tax rate in the production (import) link, the consumption tax is levied at the retail link, and the tax rate is 10%. The notice makes it clear that the units and individuals that sell ultra-luxury cars to consumers are taxpayers in the retail link of ultra-luxury cars.

　　10% consumption tax will not be levied on the sold vehicles for filing within 5 days.

　　For distribution channels, will the vehicles that have signed automobile sales contracts before November 30 be affected by the adjustment of the consumption tax on ultra-luxury cars? It is understood that for ultra-luxury cars that have signed automobile sales contracts before November 30 (inclusive), but have not delivered the real thing, taxpayers will file the signed automobile sales contracts with their competent tax authorities within 5 working days from December 1 (inclusive). According to the notice information, the retail consumption tax with the tax rate of 10% will not be levied for those who are filed according to the regulations, and the retail consumption tax will be levied if they are not filed and not filed within the prescribed time limit.

　　It is difficult to manage the tax after tax collection.

　　According to the information, when the consumption tax was implemented in 1994, it included automobile tax items. In the consumption tax reform in 2006, the automobile consumption tax was adjusted. It is understood that the current car tax items are divided into two categories: passenger cars and medium and light commercial buses. Among them, the larger the cylinder capacity of passenger cars, the higher the tax rate of consumption tax, and the tax rate ranges from 1% to 40%. Passenger cars with a cylinder capacity of more than 4 liters will be subject to a consumption tax rate of up to 40%. The consumption tax rate of 5% is applicable to medium and light commercial buses. The taxation link is in the production and import links.

　　According to industry analysts, a consumption tax will be levied on luxury cars in the retail sector, with the aim of reasonably guiding consumption and increasing fiscal revenue.

　　"The consumption tax collection link is changed to the retail link. The advantage is that the final selling price of goods can be taxed, and the tax base is obviously expanded, which can increase fiscal revenue and reasonably guide consumption, but the challenge is that the collection and management are difficult." The above analysis pointed out that the relevant departments took luxury cars as a breakthrough and imposed a consumption tax on the retail sector, which is also based on the fact that there are not many 4S retail stores in China compared with retail stores such as tobacco and alcohol, and it is relatively easy to control. This will provide experience for the next stage of other tax items to move back.

　　Text/reporter Ren Xiaoyuan

　　affect

　　The actual impact on car buyers will not be great.

　　At present, the models with more than 1.3 million yuan are basically ultra-luxury car brands such as Bentley, Maserati and Porsche. In addition, some brands such as BMW X6, BMW 7 Series, Mercedes-Benz GL Series and Audi A8 have reached this level. Therefore, the influence of the new consumption tax policy is relatively small and fixed. But at present, it should not have much impact on the sales in this market.

　　China’s automobile consumption tax was established in 1994, and the latest automobile consumption tax reform was in 2008. The tax rate for passenge cars with displacement of 3.0L to 4.0L is raise from 15% to 25%, and that for passenger cars with displacement of 4.0L is raised to 40%. Reduce the consumption tax rate of small-displacement passenger cars, and reduce the tax rate from 3% to 1% for passenger cars with displacement below 1.0L This time, the tax rate will be increased by 10% for ultra-luxury cars with a price of more than 1.3 million yuan. This adjustment mainly affects the sales of imported vehicles.

　　According to the previous consumption tax policy, the tax rate of ultra-luxury cars is basically 40% high-end. Compared with the consumption tax of 40%, the current 25% tariff and 17% value-added tax have become small heads, so for luxury cars with a price of several million yuan, the consumption tax itself is an important factor to increase the difference between domestic and foreign car prices. Judging from the new policy introduced this time, an additional 10% consumption tax will be imposed on ultra-luxury cars with a price of more than 1.3 million yuan, which will not have a great impact on car buyers. In fact, many 4S shops will basically increase the price of ultra-luxury cars by 100 thousand to several hundred thousand yuan above the manufacturer’s guide price before they can pick up the car, and most car buyers also acquiesce to this.

　　Text/reporter zhangqin

　　extend

　　Whether the purchase tax on small-displacement vehicles will continue to be halved is inconclusive.

　　In fact, in the automobile consumption, there is also an essential expenditure, which is the purchase tax. China’s automobile purchase tax rate is set at 10%, which accounts for a large proportion in the cost of car purchase. However, at present, China has adopted a preferential policy of halving the purchase tax for small-displacement vehicles of 1.6 liters or less, that is, it is levied at 5% of the vehicle price, which has played a significant role in promoting the consumption of small-displacement vehicles.

　　The preferential policy of halving the purchase tax on small-displacement vehicles has been implemented since October 1, 2015. According to the plan at that time, the policy will expire on December 31, 2016, which means that there is still a whole month left. Up to now, there is no official explanation on whether the preferential policy of halving the purchase tax will continue, and more is speculation from outside. It is also reported that various departments at the government level have different opinions on whether to continue this policy. Earlier, some media reported that on November 1, the National Development and Reform Commission, the Ministry of Communications, the Ministry of Finance and other ministries and commissions held departmental meetings to study whether to continue this policy, but no news came out since then.

　　The data shows that the prices of 1.6-liter and below displacement models are mostly concentrated below 200,000 yuan. According to the current preferential policies, the purchase tax for bicycles ranges from 3,000 to 10,000 yuan. Once this policy is cancelled next year, it is likely to drive the sales ratio of models above 1.6 liters to increase in a short time. According to the data of China Automobile Association, in 2015, the sales of passenger cars of 1.6 liters and below reached 14,508,600, an increase of 10.38% over the same period of last year, which was higher than the overall growth rate of passenger cars and accounted for 68.6% of the sales of passenger cars.

　　Text/reporter zhangqin for the picture/vision china

　　Today’s capital market has a huge amount of information.

　　During the downturn of the stock market, Vice Premier Liu He and the leaders of the NPC and CPPCC made their voices in the official media successively, with high specifications and quite consistent pace. They responded to social concerns about the current economic and financial focus (especially the stock market issue) and gave many important judgments and measures, which were highly instructive.

　　The market also seems to be "a long drought meets rain", and A shares have ushered in a long-lost surge. Let’s take a look.

　　cause

　　The Shanghai Composite Index dropped from the highest point of 3,587 in January this year to the lowest point of 2,449 this morning, dropping more than 1,100 points, nearly one third, and the market value of many stocks was below 1 billion yuan. Shareholders joked, "the stock market is this thing, Audi goes in and Alto comes out; Buffett goes in and Hobbit comes out. "

　　Under the joke, it revealed the sadness of investors. Last Sunday, Chairman Liu Shiyu of the China Securities Regulatory Commission talked with investors and used "the spring of the stock market is not far away" to cheer up the market.

　　However, market participants also said that "spring is not far away, but many enterprises can’t survive winter", which represents the general aspiration of the market. Since the beginning of this year, the financing difficulties of private enterprises and the frequent "explosion" of the equity pledge of major shareholders of private listed companies have caused the market confidence to collapse and attracted the attention of the regulatory authorities.

　　China’s stock market fell sharply, which was influenced by many uncertain factors. Liu He summed it up with four reasons:First, external factors; Second, internal structural factors; Third, expected changes; Fourth, market technical factors.

　　From the external factors, Sino-US trade frictions have been repeated, the central banks of major countries such as the United States have stepped into the interest rate hike cycle, and global stock markets have significantly adjusted back in the near future. Domestically, the task of economic restructuring has not yet been completed, and the year-on-year GDP growth in the third quarter has also slipped to 6.5%. The development of private economy and the protection of property rights have yet to be implemented.

　　From the voice of the regulatory authorities, targeted measures have been taken on specific issues such as "equity pledge financing business risk", "private enterprise financing" and "market long-term capital source". It is worth noting that under the leadership of the State Council Financial Stability Committee, the coordination of supervision has been greatly enhanced, which is refreshing.

　　Specifically.

　　measure

　　Everyone must be deeply impressed by the "skyrocketing" and "plunging" in the abnormal fluctuations of the stock market in 2015. After the deleveraging of the stock market in recent years, the scale of over-the-counter fund-raising and financing has decreased greatly, but the "leverage" mode of "equity pledge" is still an important financing tool for the major shareholders of listed companies.

　　Once leveraged funds encounter market volatility, it will aggravate market volatility. Simply put, this process is "stock price decline — Burst positions — Investor confidence is frustrated — — Aggravating the vicious stampede of stock price decline.

　　This is also the "technical factor of the market" pointed out by Liu He.

　　According to the statistics of a securities company, as of October 17th, there were 2,423 major shareholders of listed companies in Shanghai and Shenzhen stock markets, accounting for 68.2% of all A-shares, with a total market value of 3.9 trillion shares pledged and a total market value of 985.2 billion yuan of open positions. The major shareholders were suspected to have touched the market value of closed positions of 2.95 trillion yuan.

　　It can be seen that there are many companies close to the liquidation line, and the potential risks are greater. In response to the "risk of equity pledge financing", Guo Shuqing, Chairman of China Banking and Insurance Regulatory Commission, asked "banking financial institutions to scientifically and reasonably manage the risk of equity pledge financing business and take appropriate measures to handle it safely."

　　Recently, after Shenzhen invested tens of billions of dollars to help listed companies, Guangzhou, Beijing and other places introduced measures to solve the problem of equity pledge of listed private enterprises, which provided "timely assistance" for high-quality listed companies, especially private high-tech enterprises.

　　The CSRC paid more attention to the reform of the basic market system, and put forward seven measures, such as formulating the Administrative Measures for Private Equity Management of Securities and Futures Operating Institutions, improving the share repurchase system of listed companies, deepening the market-oriented reform of mergers and acquisitions, promoting the reform of the New Third Board system, and increasing the support for the listing of scientific and technological innovation enterprises.

　　To save the market, not all listed companies have to save it. Some "junk" companies still need to be cleared to make the market more effective. Liu He said that the adjustment and clearing of the stock market is creating good investment opportunities for its long-term healthy development.

　　private enterprise

　　The speech of the top management reflects the care for private enterprises. Although financial policies have always been beneficial to the release of private enterprises, there are still many "obstacles" in the transmission of actual funds to private enterprises.

　　In terms of importance, the private economy plays an important role in the whole economic system, contributing more than 50% of tax revenue, more than 60% of GDP, more than 70% of technological innovation, more than 80% of urban employment, and more than 90% of new jobs and enterprises.

　　In view of the social anxiety about private enterprises, Liu He reiterated his adherence to the "two unswerving" principle. On the one hand, he unswervingly consolidated and developed the public sector of the economy, on the other hand, he unswervingly encouraged, supported and guided the development of the non-public sector of the economy.

　　Liu He also cleared up the misunderstandings and deviations in the actual implementation process. "For example, the business personnel of some institutions think that it is safe to provide loans to state-owned enterprises, but it is politically risky to provide loans to private enterprises, so they would rather not do anything and not make political mistakes. This kind of understanding and practice is completely wrong. We must understand this issue from the perspective of politics and the overall situation. "

　　If Liu He is pointing out the general direction, the two sessions are concrete implementation.

　　Yi Gang, the governor of the central bank, proposed three ways to solve the financing difficulties of private enterprises, namely: (1) bond financing and providing credit enhancement services; (2) equity financing; and (3) supporting commercial banks to provide credit to private enterprises.

　　The CSRC focuses on strengthening services from the capital market, which is also three measures: (1) enhancing the financing service function of the GEM and the New Third Board; (2) encouraging all kinds of asset management institutions to participate in mergers and acquisitions of private listed companies; and (3) using various debt instruments to solve the problem of difficulty in issuing bonds.

　　fund

　　The recovery of the stock market is inseparable from the "liquidity factor", that is to say, where does the "money" come from?

　　In the first half of this year, regulatory documents such as the "New Regulations on Asset Management" made strict regulations on the entry of asset management products and funds into the stock market. However, under the current situation, the regulatory rules have been eased and improved to some extent: (1) the public wealth management products issued by bank wealth management subsidiaries are allowed to directly invest in stocks; (2) Do not set the sales starting amount of wealth management products; (3) Individual investors are not required to purchase wealth management products for the first time for face-to-face signing.

　　This means that the threshold of financial management is adjusted. Billion-scale bank financial management is a potential capital to enter the market, which is conducive to stabilizing stock market expectations, but investors should also have the awareness of "taking risks at their own risk".

　　For a time, insurance funds "made waves" in the stock market. It is undeniable that insurance funds have the advantage of long-term stable investment. China Banking and Insurance Regulatory Commission’s latest attitude is: "Increase the financial nature of insurance funds and strategically invest in high-quality listed companies, and allow insurance funds to set up special products to participate in resolving the liquidity risk of stock pledge of listed companies, and not to be included in the supervision of equity investment ratio."

　　This time, market supervision must keep up.

　　confidence

　　Does the favorable admission of funds mean that the stock market can be "immediate"?

　　Throughout the high-level speech, it conveys the meaning of "stable expectations". No matter from the laws of the market itself, or investors’ expectations, economic fundamentals, etc., there is no basis for a sharp rise.

　　From the perspective of opportunities, Liu He believes that "the bubble of listed companies has been greatly reduced, the quality of listed companies is improving, and the valuation is at a historical low. Therefore, many institutions suggest paying close attention to the China stock market and think that the China stock market has a high investment value."

　　He also reminded everyone, "I believe investors will make rational judgments."

　　When the policy bottoms out, the market will also grind the bottom repeatedly.

　　From the perspective of the real economy, China’s economy is still in the "three-phase superposition" stage, and some enterprises are facing some difficulties. This is precisely the stage where entrepreneurs can make great achievements. Entrepreneurs with courage, vision and courage should take the lead and live up to expectations.

　　Liu He told everyone that the China government will create an equal environment, strengthen the rule of law, strengthen the protection of property rights and intellectual property rights, adhere to the basic economic system, and deepen reform and opening up. There is no reason why we should not be full of confidence in the broad prospects of China’s economic development. "Now is a critical moment when actions are better than a dozen programs. All aspects should be implemented more vigorously, with a stronger sense of responsibility, dare to take responsibility, act quickly, and effectively introduce some specific policies to promote the healthy development of the stock market."

　　Wen Yaoding rides an ox.

Due to the heavy rainfall in the previous period,

Causing the soil water content to be close to saturation.

Geological disasters have a certain lag,

We also need to pay attention to prevent geological disasters.

Everyone should try to avoid activities in the mountains.

Meteorological risk early warning of geological disasters

The Department of Natural Resources of Hebei Province and the Meteorological Bureau of Hebei Province jointly issued the meteorological risk warning of geological disasters at 18: 00 on August 1: from 20:00 on August 1 to 14:00 on August 2, Zhangjiakou City (Chicheng County, Huailai County, Zhuolu County and Yuxian County), Baoding City (Laishui County, Laiyuan County, Yixian County, Fuping County, Shunping County, Tangxian County, Quyang County, Xushui District and Mancheng District) and Shijiazhuang City (Pingshan County, Lingshou County, Xingtang County and Yuanshi County) Chengde City (Fengning County, Longhua County, Chengde County, Luanping County, Xinglong County, Yingshouyingzi Mining Area, Shuangluan District, Shuangqiao District, High-tech Zone) and Zhangjiakou City (Xiahuayuan District, Yangyuan County, Xuanhua District) are at high risk of geological disasters (yellow warning). Please ask the relevant responsible units and monitoring personnel in the above areas to do a good job in geological disaster monitoring, inspection, transfer and avoidance.

Meteorological early warning of mountain torrent disaster

The Water Resources Department of Hebei Province and the Meteorological Bureau of Hebei Province jointly issued a meteorological warning for mountain torrents at 19: 00 on August 1: It is estimated that there is a greater possibility of mountain torrents in Baoding City (Laiyuan County, Laishui County and Yixian County) from 20: 00 on August 1 to 20: 00 on August 2 (yellow warning). Mountain torrents may occur in Baoding City (Mancheng District, Shunping County, Tangxian County), Zhangjiakou City (Yuxian County, Zhuolu County), Chengde City (Chengde County, Shuangqiao District, High-tech Zone, Xinglong County, Kuancheng Manchu Autonomous County, Yingshouyingzi Mining Area) and other places (blue warning). Please pay attention to real-time monitoring, flood prevention and early warning, transfer and avoidance in the above areas.

(Produced by Hebei Weather)

【 Precautionary measures for severe convective weather 】

(Hebei Meteorological Disaster Prevention and Environmental Meteorological Center)