Core Viewpoint - The collaborative development of the Beijing-Tianjin-Hebei Free Trade Zones is vibrant, but faces challenges such as inconsistent tax policies and tax sharing issues among the three regions [2][3][5] Tax Policy Inconsistencies - There are differences in applicable tax rates for certain taxes like vehicle and vessel tax, urban land use tax, property tax, and deed tax due to the varying economic development levels and resource endowments of the three regions [2][3] - The lack of coordination in tax incentive policies leads to inconsistent recognition standards for innovation, affecting businesses operating across regions [3][4] Recommendations for Tax Policy Coordination - A unified tax rate standard for vehicle and vessel tax, urban land use tax, property tax, and deed tax should be established based on thorough research and consideration of regional economic conditions [4] - A tax incentive policy coordination mechanism should be created to ensure consistency and coherence of tax incentive policies across the three regions [4] Challenges in Tax Revenue Sharing - The tax revenue sharing faces three main challenges: the divergence between tax revenue and tax sources, the need for improved tax coordination mechanisms, and differences in tax collection standards and policy execution among the regions [5] - The "siphoning effect" leads to tax revenue outflow from regions like Hebei due to cross-regional operations and headquarters economy [5] Suggestions for Improvement - The "Tongwu-Lang" area should be explored as a pilot for tax revenue sharing, focusing on key parks and cross-regional joint investment platforms [5] - Flexibility in horizontal transfer payments should be utilized to facilitate tax revenue sharing and address issues related to tax base division and factor mobility [5] - Integration of tax administration services across the three regions should be deepened, promoting a collaborative governance model [5]

Group 1 - The Guangdong Provincial Government will host the "2025 China (Guangdong) - ASEAN Trade Promotion and Supply Chain Cooperation Mechanism Construction Exchange Conference" on June 10, 2025, in Guangzhou, with an expected attendance of approximately 600 participants, marking it as one of the highest-level international conferences between Guangdong and ASEAN in recent years [1] - The Guangdong Provincial Council for the Promotion of International Trade has launched the "Yue Lian ASEAN" WeChat mini-program to provide a "one-stop" service for enterprises looking to enter ASEAN markets, facilitating trade and supply chain cooperation information exchange [2] - The conference will announce the establishment of five supply chain cooperation alliances focusing on advanced manufacturing, green agriculture, and international trade chains, aiming for precise industry segmentation and collaboration [2] Group 2 - The conference will officially release the "RCEP Country Investment Legal Guide" series, including editions for Indonesia, Thailand, and Vietnam, aimed at helping enterprises navigate legal barriers when expanding into ASEAN markets [3] - Each country's investment legal guide will cover the entire process and key regulations related to overseas investment, including compliance guidelines, foreign investment admission rules, and dispute resolution mechanisms [3] Group 3 - A parallel meeting, the "China (Guangdong) - ASEAN Cross-Border E-Commerce Cooperation Exchange Conference," will focus on enhancing cooperation in digital economy, cross-border e-commerce platforms, logistics, and supply chains [4] - The conference will initiate the "China (Guangdong) - ASEAN Cross-Border E-Commerce Strategic Cooperation Launch Action," collaborating with various ASEAN e-commerce associations to build a cooperative ecosystem to address global e-commerce market challenges [4]

Core Points - The "2025 China (Guangdong) - ASEAN Trade Promotion and Supply Chain Cooperation Mechanism Construction Exchange Conference" will be held on June 10, marking a significant international meeting for Guangdong's cooperation with ASEAN [1] - The conference aims to establish a multi-level dialogue platform focusing on cooperation mechanisms, supply chain collaboration, trade investment opportunities, and cross-border e-commerce [1][2] Group 1: Conference Details - The conference will feature over 200 international guests, including government officials, business representatives, and international organizations [1] - Parallel meetings will include the "China (Guangdong) - Indonesia Economic and Trade Exchange Conference" and the "China (Guangdong) - ASEAN Cross-Border E-Commerce Cooperation Exchange Conference" [1] Group 2: Achievements and Initiatives - Guangdong will sign a memorandum of cooperation with ASEAN business organizations and establish the "China-ASEAN Business Council Local Liaison (Guangdong) Office" [2] - The "Yue Chain ASEAN" online service platform will be launched, along with trade investment service centers in Cambodia, Malaysia, Singapore, Indonesia, and Vietnam [2] - The "Guangdong and ASEAN Enterprises International Supply Chain Cooperation Alliance" will be established for the first time [2] Group 3: Economic Data - In Q1 of this year, ASEAN remained Guangdong's largest trading partner, with imports and exports totaling 349.43 billion yuan, a year-on-year increase of 6.9%, accounting for 16.3% of Guangdong's total foreign trade [2] Group 4: Future Plans - The Guangdong Provincial Council for the Promotion of International Trade will continue to facilitate Guangdong enterprises' entry into ASEAN markets [4] - A "Yue Chain ASEAN" WeChat mini-program will be launched to enhance trade and supply chain cooperation information sharing [4] - Five supply chain cooperation alliances will be established focusing on advanced manufacturing, green agriculture, and international trade [4]

Core Viewpoint - The Guangdong Provincial Government is set to hold the "2025 China (Guangdong) - ASEAN Trade Promotion and Supply Chain Cooperation Mechanism Construction Exchange Conference" on June 10 in Guangzhou, aiming to enhance trade cooperation with ASEAN and establish a long-term cooperation mechanism [1][3]. Group 1: Trade and Economic Cooperation - In 2024, the total trade value between China and ASEAN is projected to reach 6.99 trillion yuan, marking nine consecutive years of import and export growth [3]. - ASEAN is currently Guangdong's largest trading partner, with a year-on-year increase of 6.9% in Guangdong's imports and exports to ASEAN in the first quarter of this year [3]. Group 2: Conference Details - The conference will host approximately 600 participants, making it the highest-level international meeting between Guangdong and ASEAN in recent years [3]. - Over 200 foreign guests, including government officials from ASEAN countries, consulate officials, and representatives from international organizations and business sectors, will attend alongside around 400 domestic guests from state-owned enterprises, key industrial parks, and media [3]. Group 3: Outcomes and Initiatives - The conference will announce the establishment of the "International Supply Chain Cooperation Alliance between Guangdong and ASEAN Enterprises" and sign cooperation memorandums with ASEAN business organizations [4]. - The "Yue Chain ASEAN" online service platform will be launched, along with the establishment of trade and investment service centers for five ASEAN countries: Cambodia, Malaysia, Singapore, Indonesia, and Vietnam [4]. - A report on Guangdong-ASEAN supply chain cooperation and the "RCEP National Investment Legal Guide" for Indonesia, Thailand, and Vietnam will be released during the conference [4].