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The National Two Sessions in 2019 concluded successfully on the 15th. Looking back on the two sessions this year, the government work report has frequent highlights, and many suggestions made by the representatives and committee members have aroused heated discussions among netizens. Xiao Bian's circle of friends has also been "tax cuts", "May Day holiday", "Science and Technology Board" and so on.

During the two sessions, the government formulated a number of policies to benefit the people, and the deputies and committee members also discussed issues in various industries and fields.

What are the specific contents? Take a look at the small series!

1

pass a law

On March 15, the Second Session of the 13th National People's Congress voted to pass the "the People's Republic of China Foreign Investment Law" (referred to as the "Foreign Investment Law"). Effective from January 1, 2020. The Law of the People's Republic of China on Chinese-Foreign Equity Joint Ventures, the Law on the People's Republic of China Foreign-Capital Enterprises and the Law of the People's Republic of China on Chinese-Foreign Contractual Joint Ventures shall be repealed at the same time.

The deputies and members of the two sessions agreed that the Foreign Investment Law is the basic law in the field of foreign investment in China, establishes the basic framework of China's new legal system for foreign investment, and makes unified provisions on the access, promotion, protection and management of foreign investment, which is the improvement and innovation of China's legal system for foreign investment.

When answering questions from Chinese and foreign reporters, Premier Li Keqiang 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, requiring the government to administer in accordance with the law, and the government must issue a series of regulations and documents in accordance with the spirit of this law to protect the rights and interests of foreign businessmen, such as how the information complaint mechanism is open, transparent and effective. This is a very important thing for us to do in the next step. We will introduce a series of relevant regulations and documents to enable the smooth implementation of the foreign investment law.

He also said that it is necessary to strengthen the protection of intellectual property rights, amend the intellectual property law, introduce a punitive compensation mechanism for infringements, and deal with them together when they are found, and let the infringement of intellectual property rights have nowhere to escape.

"In short, we will continue to push forward and continue to push forward the measures to open up to the outside world this year."

According to industry insiders, since the reform and opening up, my country has gradually formed a foreign investment legal system with the "Three Laws on Foreign Investment", namely, the "Sino-foreign Joint Venture Enterprise Law", the "Sino-foreign Cooperative Enterprise Law" and the "Foreign Investment Enterprise Law" as the main body. The "Three Laws on Foreign Investment" provide an effective legal guarantee for my country to expand its opening up and utilize foreign capital. However, with the deepening of reform and opening up in the new era, the "three laws on foreign investment" have been difficult to meet the needs of building a new open economic system, so it is necessary to formulate a unified basic law on foreign investment.

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According to Zhu Zhenxin, chief researcher at the Institute of Financial Research:

• The core part of the promulgation of the Foreign Investment Law is to basically give foreign enterprises national treatment, allow foreign enterprises to issue stocks and bonds for financing, and the state implements a pre-access national treatment plus negative list management system for foreign investment. in addition, it also focuses on the technology transfer of foreign-funded enterprises. Basically, it can be said that it is targeted to take care of the needs of governments and enterprises in the United States, Europe and other countries.

• In fact, the operation of foreign enterprises in China is not only a simple entry problem, but also a matter of fair competition after entry. This bill provides detailed answers and responses to these questions.

• Therefore, it is expected that the Chinese market will be significantly more attractive to foreign investors, but the specific situation still needs to see the follow-up rules and implementation.

2

Tax Reduction and Fee Reduction Nearly 2 trillion Yuan

Premier Li Keqiang said that in recent years, we have used carriers such as the VAT reform to reduce taxes and fees for enterprises by an average of 1 trillion yuan per year and 3 trillion yuan for three years. It should be said that the scale of our tax cuts is relatively large, and this year we are determined to reduce taxes and fees on a larger scale. The value-added tax and unit social security contribution rate were reduced, and the tax reduction and fee reduction bonus was nearly 2 trillion yuan.

Implementation time: VAT will be reduced on April 1;

May 1 cut social security rates

In fact, VAT has changed for three consecutive years:

Change

In 2017:

China has pushed for 4 and 3 levels of value-added tax, eliminating the 13 per cent tax rate.

In 2018:

China has reduced the tax rate of 17% and 11% by 1 percentage point respectively.

In 2019:

The value-added tax rate of manufacturing and other industries will be adjusted from 16% to 13%, which will be reduced by 3 percentage points; the value-added tax rate of transportation and other industries will be reduced by 1 percentage point from 10% to 9%; although the tax rate of life service industry and financial industry will remain unchanged, the tax burden of all industries will be reduced but not increased by taking supporting measures such as increasing 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 promote the three and two tax rates and simplify the tax system.

In an interview with the editor, the chief financial officer of an enterprise said that the company's total operating income last year was about 13 billion yuan, an increase of about 3 billion yuan over 2017, but the annual tax revenue decreased by about 20 million yuan. Since the implementation time of this year's new VAT rate is not clear, the amount of this year's tax reduction cannot be estimated.

After Premier Li Keqiang announced that VAT would be reduced on April 1, Xiaobian interviewed several enterprises. One enterprise said that its current revenue exceeded 8 billion yuan and its products were mainly exported. After the Prime Minister's government work report proposed a tax reduction and burden reduction policy, the company calculated an account. Due to the reform of value-added tax, the company's tax surcharge will bring an impact of 50 million yuan.

In addition, several enterprises have expressed their views on the small series:

Enterprise A

For high-margin companies, tax cuts will have an impact.

Enterprise B

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

Enterprise C

Reducing the VAT rate can reduce the company's financing costs.

3

The acceleration of the board.

In the early morning of March 2, the day before the opening of the two sessions, the China Securities Regulatory Commission officially issued the "Administrative Measures for the Registration of Initial Public Offerings on the Science and Technology Innovation Board (Trial)" and the "Continuous Supervision Measures", and said that they will be implemented from the date of announcement. Subsequently, under the spotlight of the market, the science and technology innovation board made rapid progress. As of March 15, it has officially issued an announcement to apply for the number of listed companies on the science and technology innovation board to increase to 6.

Science creation board progress bar

4

safeguard people's livelihood

"People's livelihood itself is a big thing, a lot of things to do. We should continue to improve people's livelihood in the process of economic development, seize some of the key and difficult issues of people's livelihood, one by one to do. Now big data shows that the problem of" one old and one small "is that there are difficulties in old-age services and child care services. This really should arouse our higher attention." Premier Li Keqiang said when answering questions from Chinese and foreign reporters.

Scope: education, medical care, employment, pension, early childhood, poverty alleviation, etc., the government work report has detailed objectives.

Here comes the point!

So, here comes the question! What is the progress of the suggestions that the majority of small partners are most concerned about# resuming the May Day holiday#,# extending the Spring Festival holiday# and# increasing the Chinese Valentine's Day holiday# to a legal holiday?

On the afternoon of March 15, the Information Office of the State Council held a briefing to interpret the revision of the 2019 Government work report:

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Deputy Director, Research Office of the State Council

guo wei:

* From the beginning of the drafting of the government work report, we have carried out in-depth investigation and research, and extensively listened to the opinions of all parties. Li Keqiang, premier of the State Council, asked the drafting group to seriously study every opinion of the deputies and committee members, and try to adopt what can be adopted in the revision.

* But at the same time, Guo Wei said that as a report, it is impossible to absorb all the opinions. There are mainly several types of opinions that have not been absorbed and adopted: first, some require the addition of new policies and measures, but these policies and measures have not been comprehensively demonstrated and studied, and some have not been studied, but the opinions of all parties are not consistent. Such opinions have not been included in the report this time.For example, some representatives proposed whether to resume the May Day Golden Week holiday, while others proposed to extend the Spring Festival holiday. These opinions need to be studied in depth by relevant parties. Such opinions were not included in the report.