Chinese flag on top of yuan banknotes symbolizing China’s economy and currency.
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Financial
-Foreign companies in China that are re-investing their profits in the country could be eligible for 10% additional tax relief, according to statement issued by MoF and 2 other depts.
-The SZSE issued the “Guidelines for Stock Issuance and Listing Review on the Shenzhen Stock Exchange No. 8—Criteria for Identifying Asset-Light and High R&D Investment Enterprises”, further encouraging companies to increase R&D investment and enhance technological innovation capabilities.
-SAFE newly allocated a batch of QDII investment quotas by usd 3.08bn in total.
Sector News
-MIIT solicits public feedback on 89 proposed standards in integrated circuit design and other fields.

Co Focus
-Two CTP 2.0 high-end battery pack production lines owned by CATL officially commenced operation at Seres’ smart factory to provide power battery systems for the AITO series.

June 30 Block Trade Info
*Discount
-Kinwong Electronic (603228 CH) saw 11 block trades worth 188.67mn at 35.76yuan per share, 14.532pct discount from last closing.
-Chinastars New Materials (301077 CH) saw 1 block trade worth 58.89mn at 18.38yuan per share, 9.19pct discount from last closing.

*Flat
-Gotion High-Tech (002074 CH) saw2 block trades worth 47.53mn at 32.46yuan per share, flat from last closing.

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