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[SMM Steel Market Morning News] interest rate marketization + tax reduction and fee reduction Policy double-pronged, there are still hundreds of billions of dividends in the fourth quarter.
Oct 24,2019 09:00CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

Thursday, 24 October 2019

Breakfast news

 

Rising factor

1. Heavy pollution weather warning Shandong many cities issued environmental protection emergency response

Recently, the Department of Ecological Environment of Shandong Province issued a yellow or orange warning of heavy pollution weather in many cities in Shandong Province, and activated an emergency response. Iron and steel, petrochemical and other enterprises according to the level of environmental performance to implement the corresponding stop and limit production measures.

2. Interest rate marketization and tax reduction and fee reduction Policy A combination of interest rate marketization and tax reduction and fee reduction; there are still hundreds of billions of dividends in the fourth quarter.

An article in the Economic Information Daily pointed out that reducing costs "is an important focus of various macro policies this year. The central bank, the Banking and Insurance Regulatory Commission and other departments frequently promote the decline of entity financing costs, and the finance and taxation departments also continue to issue measures to reduce taxes and fees. It is understood that under the promotion of many policies, enterprises, especially small and micro enterprises, have enjoyed huge dividends in reducing costs. Industry insiders pointed out that in the fourth quarter, more policies aimed at reducing corporate financing rates and taxes are expected to be further implemented. According to the annual tax reduction and fee reduction scale of 2 trillion yuan, the tax and fee reduction alone has about 500 billion yuan in dividends to be expected.

 

Falling factor

1. Prices in the housing market are falling steadily by the end of the year. In some cities, the rate of decline or acceleration will be accelerated.

The monthly analysis report on the development of China's housing market released by the Housing big data Project team of the Institute of Financial and Strategic Studies of the Chinese Academy of Social Sciences on the 23rd predicts that prices in the housing market will generally stabilize and decline by the end of this year, and that the decline in a small number of cities may accelerate. The report shows that the overall price of housing prices in core cities has changed from rising to falling, and the trading volume of second-hand housing has continued to decline; the overall rising rate of housing prices in second-tier cities has further declined, and the market trend continues to differentiate; third and fourth-tier cities have generally changed from rising to falling, and housing prices in some cities are still rising against the trend; the decline in housing rents in core cities has accelerated, and the overall market boom is relatively low over the previous year.

 

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