MNI China Press Digest, Nov 7: Tax Cuts, Tech Board

     BEIJING (MNI) - The following lists highlights from the Chinese press for

Wednesday:

     China is expected to implement a new round of tax cuts and fee reductions

by the end of this year, the Economic Information Daily said on Wednesday. The

incoming tax cuts will focus on the value-added tax and income tax, said the

newspaper citing Yang Zhiyong, director of the fiscal research office at the

Chinese Academy of Social Sciences. Small and micro companies and technology

start-ups are expected to receive tax exemptions, the newspaper said. (Link to

the story: https://bit.ly/2QkUpDy)

     The launch of a new trading board for technology firms seeking public

offering of shares may ease the financing difficulties for small and medium

companies (SMEs), the Financial News, a newspaper run by the central bank, said

in a front-page commentary on Wednesday. Independent from the existing main

board, the new technology board will boost the presence of tech startups in the

capital market, the newspaper said. The establishment of the board shows China's

resolve for economic transformation, the newspaper said. (Link to story:

https://bit.ly/2SPvzx3)

--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com

--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com

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