More will be done to attract foreign investment and encourage more foreign investors to participate in China's domestic development through the bond market, an official news agency reported.
"We will make greater efforts to attract foreign investment, and welcome overseas investors to our bond market on the mainland," Li said.
The meeting decided that the policy to exempt overseas institutional investors from corporate income tax and value-added tax on their bond interest gains arising from investment in the mainland bond market will be extended till the end of the 14th Five-Year Plan period (2021-2025), i.e. December 31, 2025.
Competent departments shall go through the record-filing process with the Standing Committee of the National People's Congress in accordance with laws and regulations, and in the meantime strengthen market regulation and curb irregularities such as excessive speculation and market manipulation.
"We should respond proactively to the concerns of market entities, effectively conduct cross-cyclical adjustments and anchor market expectations to help enterprises survive and thrive," Li said.
ALCHEMPro News Desk (DS)
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