Key Points - The China Securities Regulatory Commission (CSRC) emphasizes maintaining stability in the market and implementing counter-cyclical adjustments to support a steady market trend [1] - The Ministry of Finance and the State Administration of Taxation announced the continuation of tax incentives for public rental housing, exempting land use tax during construction and for land occupied by completed public rental housing [2] - The State Administration for Market Regulation conditionally approved the acquisition of Dole's shares by American Axle Manufacturing, ensuring fair supply and stable pricing for high-performance automotive parts [2] - The Ministry of Industry and Information Technology introduced interim measures for the recycling and comprehensive utilization of used power batteries from new energy vehicles, emphasizing the responsibility of manufacturers [2] - The China Automotive Power Battery Industry Innovation Alliance reported a cumulative production of 1755.6 GWh for power and energy storage batteries in 2025, with a year-on-year growth of 60.1% [3] - A strategic cooperation was signed between Beijing Ziwei Yutong Technology Co., Ltd. and the Yangtze River Delta Solar Photovoltaic Technology Innovation Center to provide comprehensive services for solar battery space deployment and on-orbit testing [3] - Japan's Finance Minister reiterated that monetary policy is the central bank's responsibility, indicating a desire to avoid further interest rate hikes amid pressure on the yen [4] - Malaysia's GDP grew by 5.7% year-on-year in Q4 2025, marking the fastest quarterly growth since Q2 2024 [5] - Germany's CPI for December 2025 was reported at 1.8%, with an average inflation rate of 2.2% for the year, indicating a stabilization in price trends [5]

Core Viewpoint - The article discusses the continuation of tax incentives for public rental housing in China, aimed at supporting the construction and operation of such housing projects [1][2]. Summary by Sections Tax Incentives for Public Rental Housing - Exemption from urban land use tax during the construction period and for land occupied by completed public rental housing [1]. - Exemption from stamp duty for management units involved in the construction and management of public rental housing [1]. - Exemption from deed tax and stamp duty for management units purchasing housing as public rental units, and for both parties in rental agreements [2]. - Exemption from land value-added tax for organizations transferring old houses as public rental sources, provided the appreciation does not exceed 20% of deductible items [2]. Donations and Subsidies - Organizations donating housing as public rental units can deduct up to 12% of their annual profit for tax purposes, with excess amounts allowed to be carried forward for three years [2]. - Individuals donating housing can deduct up to 30% of their declared taxable income [2]. - Rental subsidies received by eligible urban housing security families from local governments are exempt from personal income tax [2]. Additional Tax Exemptions - Public rental housing is exempt from property tax, and rental income from public rental housing is exempt from value-added tax, provided that the rental income is accounted for separately [2][3]. - The public rental housing must be approved by relevant government authorities and managed according to specific guidelines [2]. Compliance and Duration - Taxpayers must file for tax exemptions and retain relevant documentation for verification [3]. - The tax incentives will be effective until December 31, 2027 [3].

Core Viewpoint - The announcement extends tax incentives for public rental housing (PRH) construction and operation to support its development and management [1][5]. Tax Incentives Summary - Exemption from urban land use tax during the construction period and for land occupied by completed PRH. For other housing projects with PRH, the exemption applies proportionally based on the PRH's construction area [1][6]. - Exemption from stamp duty for PRH management units related to construction and management. Similar proportional exemptions apply for other housing projects [1][6]. - Exemption from deed tax and stamp duty for PRH management units purchasing housing as PRH, and for both parties in a rental agreement [1][6]. - Exemption from land value-added tax for organizations transferring old houses as PRH, provided the appreciation does not exceed 20% of the deductible amount [1][6]. - Organizations donating housing as PRH can deduct up to 12% of their annual profit for tax purposes, with excess amounts allowed to be carried forward for three years. Individuals can deduct up to 30% of their declared taxable income for similar donations [2][6]. - Exemption from personal income tax for eligible urban housing security families receiving rental subsidies from local governments [2][7]. - Exemption from property tax for PRH, and rental income from PRH is exempt from value-added tax. PRH management units must separately account for rental income to qualify for these exemptions [2][7]. - The PRH eligible for these tax incentives must be included in government-approved development plans and managed according to specific guidelines [2][7]. - Taxpayers must file for tax exemption according to regulations and retain relevant documentation for verification [2][7]. - The announcement is effective until December 31, 2027 [3][8].