Saturday, January 16, 2021
Tags Tax

Tag: Tax

Personal Income Tax Threshold Expected to Rise to 5000 Yuan

Observers say China's personal income tax threshold is likely to rise to 5000 yuan (approx.  USD$781.90) from 3500 yuan at present, following the mooting...

Chinese State Media Warns of Trump Tax Cut’s Implications for Global Economy

The state-owned Xinhua News Agency warns that the Trump tax cut could have adverse impacts upon the global economic environment. US President Donald Trump's recently...

“Real Estate Set to Remain Key Driver of Chinese Economy”

A seminal figure in the development of China's real estate sector says it will remain the key driver of the national economy for at...

Central Bank Says Property Market Creating Major Risk for Financial Sector

One of the central bank's senior-most officials says that China's property market has become an acute source of risk for the financial system, and...

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China’s Biggest Bank Opens up to Applications for Digital Renminbi Wallets in Shenzhen

The Industrial and Commercial Bank of China (ICBC) is making digital renminbi wallets available to consumers in the southern tech hub of...

Chinese Central Bank Outlines Efforts to Improve Execution of Monetary Policy

A senior official from the People's Bank of China (PBOC) has published a paper on its official website outlining current plans to...

Foreign Investors Raise Holdings on China’s Interbank Bond Market by over 1 Trillion Yuan in 2020

The latest data from the Chinese central bank points to a sharp rise in investment by foreign institutional investors on China's interbank...

Shenzhen Finance Sector Sees Total Deposits Exceed 10 Trillion Yuan

Financial institutions based in Shenzhen have just seen their deposit levels rise to record-breaking levels.