China’s Regional Governments Efforts to Halve Taxes Article Summary After reading the article China’s Regional Governments Step Up Efforts to Halve Taxes,

China’s Regional Governments Efforts to Halve Taxes Article Summary After reading the article China’s Regional Governments Step Up Efforts to Halve Taxes, write 2-paragraphs divided into a summary and analysis paragraph with a total of 200 words or less per event. Please pay attention to quantitative data and facts, dates, names, deal sizes and Chinese-listed companies affected by this news in the first paragraph.In the second paragraph please always back up your opinions with logic reasoning, facts and data. We are looking for clarity of writing, as well as subject matter comprehension.Attached are two examples of previous events we covered and here is our style guide checklist that we highly recommend you follow. You can use these as references to get a better understanding of what we’re looking for. China Market Intelligence
Timely. Relevant. Actionable.
Tue, 05 Dec 2017 12:56:56 +0800
Ant Financial Lending Service Jiebei’s ABN
Issuance Suspends
Tags: Finance, Internet Finance, Loans, ABS, Ant Financial, Alibaba
Ant Financial’s lending unit Jeibei pulled down its RMB3bn asset-backed note
(ABN) issuance plan from Shanghai Clearing House, one day prior to
government’s payday loan guideline release, and has not updated on related
developments. According to Jeimian on December 5, Chongqing-based Jiebei has
added fund use options to its debt products, including consumption, home
furnishing, travel, education and medicare, in order to make it less like a payday
loan maker in nature. Payday loans are unsecured loans that have no specific
loan scenarios, fund uses, or target user groups according to the official guideline.
The government has halted the approval of consumer loan ABS issuance, as
revealed by Caixin citing a source close to CSRC’s fixed income department. As a
result, Ant Financial, whose ABS products make up 70% of China’s consumer
finance ABS market, is wading into ABN market. Jiebei’s balance sheet is
impressive. According to its 3Q17 report filed to Shanghai Clearing Housing, with
a total asset of merely RMB21.9bn, it generated RMB4.5bn in net profit. On the
other hand, however, Jiebei has issued RMB125.2bn worth of outstanding ABS,
roughly 70 times of its registered capital (RMB1.8bn). It means the lending service
provider has been moving liabilities off balance sheet through ABS issuance, in
order to meet leverage ratio requirements. Chongqing’s local regulation caps the
financing total of small loan companies at 230% of net capital.
Original source(s):
http://www.jiemian.com/article/1792883.html, http://finance.caixin.com/2017-1204/101180270.html
Real-time access at www.red-pulse.com and iOS mobile app.
Fully tagged and archived.
Red Pulse provides timely, relevant, and
actionable information and analysis on
Greater China. The company was
founded in 2015 on the premise that for
finance professionals, the problem isn’t
lack of information, it’s too much
information.
Red Pulse solves the problem of
information overload by employing
automated approaches to data and event
collection, in combination with a staff of
experienced research analysts, all based
in Shanghai, China. The result is a filtered
information feed, with relevancy being
the primary objective.
Sign-up for an Account
Disclaimer
The contents of this research note are for
informational purposes only. The data contained
herein is based entirely upon the available
information provided in public disclosures. The
contained information has been verified to the
best of Red Pulse and its research affiliate’s
ability, but neither can accept responsibility for
loss arising from the decisions based upon this
research note. The information distributed in this
research note does not constitute investment
advice or solicitation or counsel for investment in
any fund or product mentioned thereof. The
information distributed in this research note
does not constitute or form part of, and should
not be construed as, any offer for sale or
subscription of any fund or product included
herein. Red Pulse and its research affiliate
expressly disclaims any and all responsibility for
any consequential loss or damage of any kind
whatsoever resulting, directly or indirectly, from
(a) the use of the Product, (b) reliance on any
information contained herein, (c) any error,
inaccuracy or omission in any such information or
(d) any action resulting therefrom.
Contact Us
sales@red-pulse.com
© Copyright 2017 RP Technologies (Hong Kong) Limited. Not to be reproduced, copied or disseminated without prior written permission.
Terms & conditions: http://red-pulse.com/content/terms-and-conditions
Red Pulse Market Intelligence from Yesterday …
General Markets
Daily Wrap: VAT Revisions, Xiaomi Denies IPO Rumors
Stock Connect Roundup: Mixed Performance in A-share Market
ICBC Rules out Financing Adani’s Australia Coal Mine Project
CITIC Seals Brazilian Seed Business Deal
Finance Regulatory
Payday Loan Regulation Guideline Issued
CSRC: Monitoring on Cross-Border Derivatives Trade and Capital Flow
AMAC Releases List of Non-Responsive Private Funds
Finance Sector
Wanda Hotel Development Announces Stake Sale
Vanke, Alibaba Invest in CMC Fund
Founder Securities Cheif Economist Ren Zeping Joins Evergrande
Thailand Bank Kasikornbank to Set Up China HQ in Shenzhen
Everbright Bank Completes First Aircraft Leasing ABS in China
Tech & Internet Sector
Xunlei Settles Dispute with Xunlei Big Data
Huawei to Roll out 5G Smartphone in 2019
Tencent, CEC to Co-Establish New AI Platform
Tencent, Chongqing Cooperate on Smart City
Consumer Sector
Tencent-backed Healthcare Services Provider Mulls Hong Kong IPO
Vanke, Alibaba Invest in CMC Fund
Spotify and Tencent May Swap 10% Stock Ahead of IPO
Youon’s Affiliate Gains RMB2.3bn Investment
To receive full access to our China market event coverage,
please contact sales@red-pulse.com.
© Copyright 2017 RP Technologies (Hong Kong) Limited. Not to be reproduced, copied or disseminated without prior written permission.
Terms & conditions: http://red-pulse.com/content/terms-and-conditions
China Market Intelligence
Timely. Relevant. Actionable.
Mon, 16 Apr 2018 11:18:37 +0800
Govt to Encourage Horse Racing and
Sports Lotteries in Hainan
Tags: Consumer, Regulators, Gambling, Hainan, Macau
The Chinese government is encouraging horse racing and sports lotteries in
the southern island of Hainan, Bloomberg reported on April 14. The tourist
destination may also soon be home to beach and water sports in order to
increase tourism, and consequently, boost the local economy. This update
follows President Xi’s unveiling of reforms announced at the Bo’ao Forum last
week, which include developing Hainan into a free-trade port, gradually
banning the sales of fossil-fuel vehicles, and encouraging the expansion of VR
and AI in the province.
The encouragement of horse racing could permit the Hainan community to
benefit in the same way that Hong Kong has from the Hong Kong Jockey Club,
which has become the autonomous territory’s largest community benefactor.
In February, Bloomberg reported that Xi was considering permitting online
gaming and a lottery to support the island— actions which could eventually
lead to the opening of physical casinos. At present, the government bans all
forms of gambling, but permits two types of lotteries— sports lottery and
welfare lottery, whereas gambling remains legal only in Macau. Xi’s February
statement resulted in a plunge of shares in Macau’s casino-related companies
including Wynn Macau [1128:HK], Sands China [1928:HK], and MGM China
[2282:HK]; thus this week’s development does not bode well for the
administrative region’s gambling industry.
Original source(s):
https://www.bloomberg.com/news/articles/2018-04-14/china-to-encourage-horse-racingexpand-sports-lottery-in-hainan
Real-time access at www.red-pulse.com and iOS mobile app.
Fully tagged and archived.
Red Pulse provides timely, relevant, and
actionable information and analysis on
Greater China. The company was
founded in 2015 on the premise that for
finance professionals, the problem isn’t
lack of information, it’s too much
information.
Red Pulse solves the problem of
information overload by employing
automated approaches to data and event
collection, in combination with a staff of
experienced research analysts, all based
in Shanghai, China. The result is a filtered
information feed, with relevancy being
the primary objective.
Sign-up for an Account
Disclaimer
The contents of this research note are for
informational purposes only. The data contained
herein is based entirely upon the available
information provided in public disclosures. The
contained information has been verified to the
best of Red Pulse and its research affiliate’s
ability, but neither can accept responsibility for
loss arising from the decisions based upon this
research note. The information distributed in this
research note does not constitute investment
advice or solicitation or counsel for investment in
any fund or product mentioned thereof. The
information distributed in this research note
does not constitute or form part of, and should
not be construed as, any offer for sale or
subscription of any fund or product included
herein. Red Pulse and its research affiliate
expressly disclaims any and all responsibility for
any consequential loss or damage of any kind
whatsoever resulting, directly or indirectly, from
(a) the use of the Product, (b) reliance on any
information contained herein, (c) any error,
inaccuracy or omission in any such information or
(d) any action resulting therefrom.
Contact Us
sales@red-pulse.com
© Copyright 2017 RP Technologies (Hong Kong) Limited. Not to be reproduced, copied or disseminated without prior written permission.
Terms & conditions: http://red-pulse.com/content/terms-and-conditions
Red Pulse Market Intelligence from Yesterday …
General Markets
Daily Wrap: Auto JV Restriction Easing, Tesla Factory, Xiaomi to Acquire GoPro
Stock Connect Roundup: Markets Close Lower for 2nd Consecutive Day
Mainland Exports Dip in March, Imports Beat Expectations
Sinomine Wins USD243.4m Building Project in Zambia
CCCC to Invest USD800m on Sri Lanka Port City Road Project
Finance Regulatory
NDRC Calls for Private, Foreign Engagement in SOE Restructuring
CSRC Weekly: Iron Ore Futures Soon Open to Foreign Investors
Shanghai Piloting Commercial Pension Model
Finance Sector
Warburg Pincus in Talks to Buy in Ant’s Pre-IPO Round
Anbang to Talk with Banks on Asset Sales
CISC Collaborates with Tencent in Smart Brokering
Geely’s Purchase of Saxo Bank Partially Approved
Pakistan Authorizes BoC for RMB-Based Settlement and Clearing Transactions
Tech & Internet Sector
Xiaomi Reportedly Considers Buying Camera Maker GoPro
Tencent Teams Up with China Resources to Build Smart Retail
China Unicom to Close Down 2G Network Services
Baidu Launches Blockchain Stock Photo Platform
Consumer Sector
China to Remove Import Tariffs on Cancer Drugs
Ping An Healthcare and Technology to Launch USD1bn IPO
HNA Sells Hawker Pacific to General Dynamics for USD250m
JD.com to Open More Unmanned Convenience Stores
To receive full access to our China market event coverage,
please contact sales@red-pulse.com.
© Copyright 2017 RP Technologies (Hong Kong) Limited. Not to be reproduced, copied or disseminated without prior written permission.
Terms & conditions: http://red-pulse.com/content/terms-and-conditions

Purchase answer to see full
attachment