China is sticking with a large-scale tax cut strategy deployed last year to keep the economy humming, adding to the 1.3 trillion yuan ($192 billion) of relief already in place with further cuts to income taxes and social security premiums.
China’s policy makers, faced with a slowing economy and growing pressure on the banking system, have decided it’s time for the nation’s stock and bond markets to play a bigger role in funding companies.
Forget about trade wars. The big story with China this year may be the runaway rally in the country’s technology sector. The Golden Dragon Index ($HXC) has surged 9 percent in the last month and is up 28 percent so far in 2019. That’s more than twice the gains of the Nasdaq-100 and SPDR Technology Fund (XLK) over the same periods.
New Offering - Wah Fu Education Group Limited
Wah Fu Education Group Limited, through its subsidiaries, provides online exam preparation services and related technology solutions in China. It operates in two segments, Online Education Services; and Technological Development and Operation Services. The Online Education Services segment offers online education platforms to institutions, such as universities and training institutions, and online course development service companies.
Click here for the prospectus.