Group 1: Recent IPOs - Zhuoyuan, a corporate services company, successfully listed on NASDAQ, raising $5.6 million with a market capitalization of $32.11 million [1] - Wangsu Technology, a supply chain management service provider, listed on NASDAQ, raising $9.5 million with a market capitalization of $112 million [2] - Haixi New Drug, a pharmaceutical company, successfully listed on the Hong Kong Stock Exchange, raising approximately HK$994 million with a market capitalization of HK$8.603 billion [3] - Jushuitan, an e-commerce SaaS ERP provider, listed on the Hong Kong Stock Exchange, raising approximately HK$2.086 billion with a market capitalization of HK$14.852 billion [4] - Guanghetong, a wireless communication module provider, completed its "A+H" listing on the Hong Kong Stock Exchange, raising approximately HK$2.904 billion with a market capitalization of HK$24.891 billion [5] Group 2: Upcoming IPOs - Bama Tea, a high-end tea brand, plans to issue 9 million shares, aiming to raise approximately HK$428 million, with an expected listing date of October 28 on the Hong Kong Stock Exchange [6] - Cambridge Technology, a supplier of optical and wireless connection devices, plans to issue 67.01 million shares, aiming to raise approximately HK$4.616 billion, with an expected listing date of October 28 [7] - Dipu Technology, an AI application solution provider, plans to issue 26.63 million shares, aiming to raise approximately HK$710 million, with an expected listing date of October 28 [8] - Sany Heavy Industry, an engineering machinery company, plans to issue 580 million shares, aiming to raise approximately HK$12.064 billion, with an expected listing date of October 28 [9] - Minglue Technology, a data intelligence application software company, plans to issue 7.219 million shares, aiming to raise approximately HK$1.018 billion, with an expected listing date of November 3 [10] Group 3: Companies Filing for IPO - Sijiao Infrastructure Fund, a public open-end fund, filed for an IPO on the Hong Kong Stock Exchange, focusing on infrastructure investments [11] - Qingtian Quansuitong, a cross-border intelligent tax solution provider, filed for an IPO on the Hong Kong Stock Exchange, ranking first in the cross-border enterprise intelligent tax solution market [12] - Lakala, an independent digital payment service provider, filed for an IPO on the Hong Kong Stock Exchange, holding a 9.4% market share in the independent digital payment service sector [13] - Yuwang Biological Nutrition, a supplier of food-grade refined fish oil, filed for an IPO on the Hong Kong Stock Exchange, being the largest supplier in its category with an 8.1% market share [14] - Jintian Animation, an IP fun food company, filed for an IPO on the Hong Kong Stock Exchange, focusing on fun and healthy food products [15] Group 4: Companies Undergoing Hearing for IPO - Pony.ai, an autonomous driving technology company, passed the hearing for its IPO on the Hong Kong Stock Exchange, focusing on safe and reliable autonomous driving solutions [19] - Joyson Electronics, a smart automotive technology solution provider, passed the hearing for its IPO on the Hong Kong Stock Exchange, ranking second in the automotive passive safety product sector [20] - WeRide, an autonomous driving technology company, passed the hearing for its IPO on the Hong Kong Stock Exchange, ranking second in the global market for urban road L4-level autonomous driving [21] - Wangshan Wangshui, a biopharmaceutical company, passed the hearing for its IPO on the Hong Kong Stock Exchange, focusing on innovative small molecule drug development [22] - Baitian Tianheng, an innovative biopharmaceutical company, passed the hearing for its IPO on the Hong Kong Stock Exchange, developing ADC drugs and multi-specific antibody drugs [23] - Tianyu Semiconductor, a silicon carbide epitaxial wafer supplier, passed the hearing for its IPO on the Hong Kong Stock Exchange, holding a 38.8% market share in the silicon carbide epitaxial wafer market [24] Group 5: Companies Approved for Filing - Six companies, including Naxin Micro and Baiguoyuan, received approval for overseas IPOs and domestic unlisted shares "full circulation" filing from the China Securities Regulatory Commission [25]

Core Insights - Tax compliance is viewed as a "booster" for innovation and development, with tax credit becoming an important asset for companies [1][3] - The awareness of compliance and integrity in tax payment is increasing among business entities in Guangdong, supported by digital technologies from tax authorities [1][2] - The establishment of "Smart Tax Studios" by tax departments aids companies in accurately applying for tax benefits, particularly in R&D expense deductions [2][3] Group 1: Tax Compliance and Innovation - Companies are leveraging tax incentives to enhance their production processes, as seen with a technology firm in Zhuhai that reduced emissions by 65% while benefiting from tax breaks [2] - Guangdong's A-level tax credit companies reached 379,000, a 15.3% increase year-on-year, indicating a positive trend in tax compliance [2] - Gree Electric has paid over 170 billion in taxes since 2012, showcasing its commitment to compliance and integrity in operations [3] Group 2: Strategic Asset of Tax Credit - Companies view tax credit as a "strategic asset" that enhances their competitive edge in financing, project bidding, and government support [5] - The development of intelligent tax management platforms, like the "Golden Tax Cloud" by Libai Group, has significantly improved operational efficiency and cost savings [4] - Guangzhou Wenyan Zhixing Technology Co., Ltd. reported over 100 million in R&D expense deductions for 2023, reflecting the benefits of robust compliance management [4] Group 3: Support from Tax Authorities - Tax authorities are proactively guiding companies in compliance, with specialized teams assisting businesses in understanding tax regulations for international operations [6][8] - The collaboration between tax departments and companies fosters trust and enhances confidence in compliance, motivating businesses to fulfill their social responsibilities [8][9] - The tax policies have reduced operational costs for companies, enabling them to invest more in R&D and innovation [9]