Category: Flash News

On April 21st, the State Administration of Taxation announced a major case of a network anchor management agency colluding with illegal intermediaries to falsely claim, evade taxes, and defraud compensation. After investigation, Guangdong Huizhou Gaofu Shuai Cultural Media Co., Ltd. falsely issued 1196 invoices through the establishment of shell enterprises, with a total value of 226 million yuan in taxes, and evaded personal income tax of more than 32 million yuan for more than 700 anchors. The company underpaid various taxes and fees totaling about 21 million yuan. Recently, the Inspection Bureau of Huizhou Taxation Bureau imposed penalties on the company in accordance with the law. This company is a network anchor management organization, commonly known as the “MCN organization”, which is an important intermediate link connecting live streaming platforms and network anchors. The company is suspected of evading its obligation to withhold and pay personal income tax, planning to assist its broadcasters in evading taxes, issuing false value-added tax special invoices, and colluding with illegal intermediaries to defraud local rewards and subsidies, seriously disrupting the order of tax collection and management and disrupting the fair competition market environment.

On April 21st, according to a public opinion survey conducted by Asahi Shimbun from April 19th to 20th, 85% of respondents were concerned that the Trump administration’s tariffs would have a negative impact on the Japanese economy, with 43% of respondents expressing great concern. 28% of respondents expressed expectations for negotiations between the Japanese government and the US government on tariff issues, while 70% of respondents expressed no expectations.

On April 21st, from niche products to the urgent need for robots, the application of electronic skins is growing rapidly, and production and research and development are also accelerating. During visits to Guangdong and Zhejiang, it was learned that China currently has a relative advantage in the field of electronic skins, and production capacity is expected to further break through. In a precision coating workshop in Jiaxing, Zhejiang, rolls of film cloth used for electronic skin are quickly sprayed and taken offline. Workshop supervisor Pu Yongjiang told reporters that the number of orders they have received has skyrocketed since the beginning of this year, and all employees in the workshop work 24 hours a day in shifts. Along with the increase in production capacity, the cost of electronic skins has also decreased. The reporter learned from a company in Songshan Lake, Dongguan that since the beginning of this year, with the decrease in prices, many customers have started to try to install electronic skins on robots’ entire hands and even various joints of their bodies, and their shipment volume has increased tenfold. (CCTV Finance)

On April 21st at 06:00, the Central Meteorological Observatory continued to issue a blue warning for sandstorms: affected by cold air and strong winds, it is expected that from 08:00 on April 21st to 08:00 on April 22nd, there will be sandstorms or floating dust weather in southern and eastern Xinjiang, northern Qinghai, northern Gansu, central and western Inner Mongolia, Ningxia, Shaanxi, Shanxi, central and western Hebei, western Beijing, central and western Henan, western Shandong, western Hubei, northern Sichuan Basin and other places. Among them, some areas in southern Xinjiang, western Inner Mongolia, western Gansu and other places will have sandstorms.

On April 21st, the overall net inflow of funds into listed ETFs exceeded 70 billion yuan last week (April 14th to April 18th), and the size of ETFs in the entire market exceeded 4 trillion yuan. Among them, broad-based ETFs significantly attracted funds, and with the continuous inflow of funds, the total size of the Shanghai and Shenzhen 300 ETFs returned to over 1 trillion yuan. Looking ahead to the future, institutions believe that Chinese assets have significant resilience supported by multiple advantages; Next, fundamentals are expected to become the main pricing factor in the market.

On April 21st, against the backdrop of China’s asset revaluation and continuous optimization of the industry ecology, more and more new forces are entering the private equity industry. According to statistics from Private Placement Network, as of April 18th, nearly 20 private equity securities investment fund managers have completed registration this year, a year-on-year increase of over 70%. Among them, the founders of several private equity firms have rich experience in asset management. In the eyes of industry insiders, the increasing influx of fresh blood with professional capabilities will help further enhance the institutionalization level of the private equity industry.

① Pending 2025 World Bank and IMF Spring Meetings ② 09:00 China to April 21 one-year loan market quoted interest rate ③ 15:00 State Council Information Office holds press conference on the “Comprehensive Pilot Work Plan for Accelerating the Expansion of Service Industry Opening up” ④ 20:30 Federal Reserve Gulsby accepts media interview

On April 21st, internal records reviewed by The Washington Post revealed that US government officials improperly shared sensitive documents with federal workers, including potentially classified White House floor plans. It is reported that this incident is the latest digital security vulnerability of the Trump administration. The report stated that professional employees of the General Services Administration (GSA) in the United States were responsible for the improper sharing, which led to the release of a cybersecurity incident report and investigation last week. The records show that these employees unintentionally shared the Google Drive folder containing sensitive files with all employees of the General Services Administration in the United States. According to the online directory, the total number of employees in this institution exceeds 11200. In addition, the shared content also includes detailed information on the proposed blast doors at the White House Visitor Center, as well as the bank account information of suppliers assisting the Trump administration’s press conference.

On April 21st, against the backdrop of increasing market uncertainty, some undervalued and cash flow abundant “cigarette butt stocks” are becoming the “favorites” of fund managers. The reporter noticed that “cigarette butt stocks” with severe oversold and abundant cash reserves have been strengthening frequently in recent times. Some funds’ exclusive heavy holdings of such stocks have shown a sharp trend, and even some public funds have listed “cigarette butt stocks” as the top holdings of multiple funds under their umbrella. Many fund managers believe that when investors’ risk appetite decreases and their pursuit of safety margins becomes dominant, “cigarette butt assets” with expected differences or high cash reserves will be favored. However, fund managers also remind us to be aware that such assets may have value traps. (Securities Times)

On April 21st, recently, listed companies have sparked a wave of repurchase and increase in holdings. According to incomplete statistics, as of now, hundreds of listed companies have participated in it, with a cumulative repurchase and increase in holdings exceeding 100 billion yuan. Behind the craze, there are many busy figures of securities firms. Industry insiders say that securities firms can gain a deep understanding of the needs and pain points of listed companies’ repurchase and increase holdings, and can provide targeted repurchase and increase holdings plans, legal compliance consulting, specific transaction execution, account management, and other comprehensive services, playing a “combination punch” to help listed companies complete high-quality repurchase and increase holdings. (Securities Times)