The Two Sessions Concluded Successfully.

In 2019, the 15 session of the two sessions of the National People's Congress was successfully concluded. Looking back on the two sessions this year, the highlights of the government work report are frequent.

Xiaobian's circle of friends has also been "reduced tax and fee reduction", "May Day holiday", "Ke Chuang plate" and so on.

During the two sessions, the government formulated a number of policies on behalf of the people. The delegates also discussed issues in various sectors and areas.

What is the specific implementation?

Let's take a look at Xiaobian.

One

Pass a law

In March 15th, the two session of the thirteen National People's Congress voted on the foreign investment law of the People's Republic of China (hereinafter referred to as the foreign investment law).

It will come into effect on January 1, 2020.

The law of the People's Republic of China on Sino foreign joint ventures, the law of the People's Republic of China on foreign-funded enterprises and the law of the People's Republic of China on Chinese foreign contractual joint ventures shall be repealed simultaneously.

The representatives of the two sessions agreed that the foreign investment law is the basic law in the field of foreign investment in China, and established the basic framework of China's new legal system for foreign investment, and made unified provisions on the access, promotion, protection and management of foreign investment, which is the improvement and innovation of our foreign business investment legal system.

In response to questions from Chinese and foreign journalists, Li Keqiang, the premier of the State Council, said that this law is to use legal means to better protect foreign investment and attract foreign investment.

This law can also be said to regulate government behavior. It is necessary for the government to administration according to law, and the government should introduce a series of laws and documents according to the spirit of the law to protect the rights and interests of foreign investors, such as how the mechanism of information complaints is open, pparent and effective.

This is a very important thing for us to do next. We will introduce a series of regulations and documents to enable the foreign investment law to be implemented smoothly.

He also said that we should strengthen the protection of intellectual property rights, modify the intellectual property law, and introduce the punitive compensation mechanism for infringement. We find that we must deal with each other together, and we must let intellectual property infringement be nowhere to escape.

"In short, we will continue to push and push ahead with this year's opening up policy."

According to the insiders, since the reform and opening up, China has gradually formed a foreign investment legal system with the "three foreign investment law", namely, the Sino foreign joint venture law, the Sino foreign cooperative enterprise law and the foreign-capital enterprise law. "Three laws of foreign investment" provide an effective legal guarantee for China's opening wider to the outside world and utilizing foreign capital.

However, with the deepening of reform and opening up in the new era, the "three foreign investment law" is hard to adapt to the needs of building a new system of open economy. It is very necessary to formulate a unified foreign investment basic law.

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Zhu Zhenxin, chief research fellow of the Financial Research Institute, said:

The core part of this foreign investment law is to give basic treatment to foreign enterprises, allowing foreign enterprises to issue stocks and bonds, and to apply the national treatment plus negative list management system to foreign investment.

Basically, it can be targeted to take care of the needs of governments and enterprises in the US and Europe.

As a matter of fact, foreign enterprises are not only simply entering the business in China, but also entering the fair competition after entering the WTO.

The bill has made detailed responses and answers to these questions.

Therefore, the attractiveness of the Chinese market for foreign businessmen is expected to increase significantly, but the details need to be followed by detailed rules and implementation.

Two

Tax cuts and fees drop nearly 2 trillion yuan.

Premier Li Keqiang said that in recent years, we have made use of carriers such as business pformation and increase to reduce taxes and reduce taxes by one trillion yuan per year, and three trillion yuan in three years.

It should be said that the scale of our tax cuts is relatively large. This year, we are determined to carry out a larger tax reduction.

The value added tax and the unit social security payment rate will be reduced, and the dividends of tax reduction and reduction will be close to two trillion yuan.

Implementation time: value added tax was reduced in April 1st.

Social security rate in May 1st

In fact, the value added tax has changed for three consecutive years.

change

2017:

China has promoted the VAT 4 and 3 stalls, abolished the 13% tier tax rate.

2018:

China has reduced the 17% and 11% two file tax rates by 1 percentage points respectively.

2019:

The value-added tax rate in manufacturing industries and other industries is adjusted from 16% to 13%, which will reduce 3 percentage points. The value-added tax rate in pportation and other industries will be reduced from 10% to 9%, which will be reduced by 1 percentage points. Although the tax rate of life service industry and financial industry is not changed, it is necessary to ensure that all industries' tax burden will only be reduced without increasing the tax deduction for production and life service industries.

On the basis of tax reduction, the government work report pointed out that we should continue to advance the third rate of tax rate and two files and simplify the tax system.

In an interview with Xiaobian, the chief financial officer of a company once said that the total revenue of the company last year was around 13 billion yuan, an increase of about 3 billion yuan compared with 2017, but the annual tax revenue was reduced by about 20 million yuan.

Because of the unclear implementation time of the new VAT this year, we can not estimate the tax cut this year.

After Premier Li Keqiang announced that the value added tax was reduced in April 1st, Xiaobian also interviewed several enterprises. A company said that its revenue was more than 8 billion yuan, and its products were mainly exported.

After the government's work report put forward the policy of reducing taxes and lowering taxes, the company made an account of it. In addition, due to the reform of value-added tax, the company's tax plus plus will bring about 50 million yuan impact.

In addition, several enterprises have expressed their views on Xiaobian:

Enterprise A

For the high margin enterprises, the reduction of tax burden will have a certain impact.

Enterprise B

Reducing the value added tax to enterprises is not as good as reducing corporate income tax directly.

Enterprise C

Lowering the VAT can reduce the company's financing costs.

Three

Acceleration of science and technology board

On the morning of March 2nd, the day before the opening of the two sessions, the SFC formally issued the administrative measures for the initial public offering of stock registration (Trial Implementation) and the "continuous supervision measures", and said it was implemented on the date of promulgation.

Subsequently, under the spotlight of the market, the development of the science and technology board has been developing rapidly. As of March 15th, the company has officially issued a notice to apply for the company to increase the number of listed companies to 6.

Science progress board progress bar

The two sessions concluded successfully.

The two sessions concluded successfully.

Four

Protecting people's livelihood

"People's livelihood is a matter of great importance, and there are many things to do.

We should continuously improve the people's livelihood in the process of economic development, and grasp some key and difficult problems of the people's livelihood.

Now big data show that the problem of "one old and one small" is the difficulties of providing services for the aged and childcare services.

This really deserves our attention. "

Premier Li Keqiang answered questions from Chinese and foreign reporters.

Scope: education, health care, employment, pension, child care, poverty alleviation, etc. government work report has detailed objectives.

The key is coming!

Well, the problem is coming!

What is the progress of the recommendations of the big and medium-sized partners, such as the restoration of the May Day holiday, the extension of the Spring Festival holiday, the increase of the Chinese New Year holiday to the statutory holidays, and so on?

On the afternoon of March 15th, the Information Office of the State Council held a briefing to explain the revision of the 2019 government work report.

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Deputy director of the Research Office of the State Council

Guo Wei:

* the government work report has been thoroughly investigated and studied since the drafting began, and opinions from all sides have been widely heard.

Li Keqiang, premier of the State Council, asked the drafting group to seriously study every opinion of the members of the Committee.

* but at the same time, Guo Wei said, as a report, it is impossible to assimilate all the views. There are several types of opinions that have not been adopted. First, some require new policies and measures. However, these policy measures have not been comprehensively demonstrated and studied. Although some studies have been done, the opinions of all sides are not consistent, so this view has not been written into the report this time.

For example, some representatives raised whether the golden week holiday may be restored, and other representatives proposed to extend the Spring Festival holiday. These opinions need to be deeply studied by the parties concerned, and similar ones have not been absorbed into the report.