Four ministries have begun work to compile the 2026 roster of integrated-circuit (IC) firms eligible for the VAT additional-deduction policy. The roster refers to firms covered by Caishui [2023] No.17, including IC design, production, packaging/testing, equipment and materials companies. Firms listed in 2025 that intend to remain on the 2026 roster must re-submit the documents specified in Annex 2 (Materials checklist for IC firms enjoying the VAT additional-deduction policy).

2026-09-30

Four ministries have begun work to compile the 2026 roster of integrated-circuit (IC) firms eligible for the VAT additional-deduction policy. The roster refers to firms covered by Caishui [2023] No.17, including IC design, production, packaging/testing, equipment and materials companies. Firms listed in 2025 that intend to remain on the 2026 roster must re-submit the documents specified in Annex 2 (Materials checklist for IC firms enjoying the VAT additional-deduction policy).

其他消息
2026-09-30

Bank of Canada (BOC) Deputy Governor said the BOC and the Office of the Superintendent of Financial Institutions (OSFI) issued a joint statement that using the standing liquidity facility (SLF) to meet overnight liquidity needs is not considered an abnormal event or a sign of stress.

2026-09-30

9月29日,巴菲特指數(滬深300市值/GDP)微幅升至89.84%;股債性價比指標——滬深300指數股權風險溢價(ERP)微幅降至5.85%,處於逾一年偏高附近;從大週期來看,該指標仍處在過去四年波動區間中間區域,接近6%的關鍵水平,暗示目前股市相對國債收益的吸引力處於中性略偏高水平。 -------- 注:1、巴菲特指數是通過將股市總市值和GDP來比較,判斷目前股市是否高估,通常70-100%爲正常估值,低於該區間爲低估,高於該區間爲高估。 2、滬深300指數風險溢價(ERP)主要對比滬深300收益和國債收益率,統計近10年數據可以發現該指標和股指有明顯反向關係,每次股市都處於底部區域時,風險溢價均超過6%,也就是當ERP≥6%,股市有投資性價比,而當ERP≤4%時,則股市往往接近或處於階段性高點,投資性價比低甚至要小心回調風險。