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.
Network 1 Financial Securities, Inc. Recent Transactions - Puyi, Inc. IPO
Puyi Inc. (NASDAQ: PUYI), is a leading third-party wealth management services provider in China focusing on mass affluent and emerging middle class population.
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