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August 28th – It was learned today from the National Data Administration that over 20 computing power scheduling entities have officially joined the National Integrated Computing Power Network Monitoring and Scheduling Experimental Verification Platform, comprehensively enhancing computing power scheduling and operation service capabilities. According to reports, the National Integrated Computing Power Network, as one of the "six networks," is a major project proposed in the "15th Five-Year Plan." The monitoring and scheduling platform is an important component of this project, and currently, 1.45 million PFLOPS (FP16) of intelligent computing power are included in the monitoring scope. Next, the National Development and Reform Commission and the National Data Administration will further promote the construction of the "Eastern Data, Western Computing" project, accelerating the construction of the National Integrated Computing Power Network based on eight national computing power hubs and three computing and power collaborative development regions.On August 28, the Ministry of Finance issued an announcement clarifying matters related to value-added tax (VAT), including non-taxable transactions. Taxpayers in the following circumstances are considered to be engaging in non-taxable transactions as defined in Article 22 of the Implementing Regulations of the Value-Added Tax Law, and the corresponding input VAT cannot be deducted from output VAT: (i) Sales of goods, services, intangible assets, or real estate that do not fall under the categories of taxable transactions occurring within the territory as listed in Article 4 of the Value-Added Tax Law; (ii) Considered transfer of equity (excluding securities); (iii) Dividends and bonuses obtained from holding equity (excluding securities) and dividends and bonuses obtained from holding common stock of a joint-stock company (including securities); (iv) Commodity futures trading (excluding physical delivery).The onshore yuan closed at 6.7204 against the US dollar at 16:30 on August 28, down 5 points from the previous trading day.Market news: Bank of Japan Governor Kazuo Ueda will travel to the United States and Switzerland starting August 30.On August 28th, OpenAI announced the hiring of a senior executive from Meta Platforms (META.O) to lead its Southeast Asia and Australian operations, aiming to capitalize on growth opportunities in these markets with over 600 million people. Sandia Dwanatan will assume this new role, becoming OpenAIs highest-ranking executive in the region. She will be responsible for consumer user growth, enterprise adoption and partnerships, operations, and communications with regulators, and will assume her new post in October. Dwanatan posted on LinkedIn on Friday that she would be leaving Meta, but did not disclose further details. An OpenAI spokesperson confirmed her appointment. Dwanatan will be based in Singapore, reporting to Kiran Mani, Managing Director for Asia Pacific.

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