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According to Iran Petroleum News Network (SNN): Iran has activated its air defense system in the center of Tehran.Futures June 19th news, silver prices have accelerated since the beginning of June, the macro is due to the positive signal released by the high-level call between China and the United States, which has led to a rebound in risk appetite, resulting in a weak dollar and a generally warm commodity market atmosphere. In addition, the deterioration of the geopolitical situation in the Middle East has also boosted silver prices to a certain extent. It is worth noting that the recent performance of gold prices is relatively sluggish, which has accelerated the downward trend of the gold-silver price ratio. In the short term, although the geopolitical situation has boosted inflation expectations, it is contrary to the Feds policy goal of controlling inflation. Once the Fed releases a strong hawkish signal because of fear of inflation expectations being de-anchored, such as reducing the number of interest rate cuts within the year or compressing the entire interest rate cut cycle, the rise in inflation expectations may be unsustainable. For silver, considering that the trend of deglobalization and weakening of the US dollars credit is still there, the price performance of gold is generally stronger than that of silver, so it should be a high probability event to push the gold-silver price center upward.On June 19, CICC Research reported that the Fed kept its June meeting on hold, in line with market expectations. Officials believe that policy uncertainty has decreased, but they still lowered their growth forecasts and raised their inflation path judgment. The dot plot retains the judgment of two interest rate cuts this year, but the details have become marginally "hawkish", showing the cautious view within the Fed. Powell remains cautious about inflation risks and said that no one has strong confidence in the interest rate path he wrote. We believe that the Fed has no intention of rushing to cut interest rates, and policymakers will not act rashly in the face of inflation if the economy allows waiting. We maintain our previous view that the Feds next interest rate cut may be in the fourth quarter.On June 19, according to the Israeli Air Force, in the early morning of the 19th local time, due to possible drone attacks, air defense alarms were sounded in many places in northern Israel and the Jordan Valley. Subsequently, the Israeli Air Force intercepted two drones launched from Iran. According to Iranian news, on the 19th local time, the Iranian Islamic Revolutionary Guard Corps warned relevant personnel to evacuate immediately from a hotel in Tel Aviv, Israel. It is said that since the outbreak of this round of Israeli-Iranian conflict, Israels Channel 12 has been broadcasting in the hotel.June 19th news, early this morning, OpenAI released a 40-minute in-depth interview with its co-founder and CEO Sam Altman. This interview is very technical. Altman talked about the core product GPT-5 that everyone is very concerned about. It is likely to be released this summer, but the product time will be extended due to naming, security testing, function iteration and other reasons. It also talked about the high-performance o3 model and the intelligent agent Deep Research, and the importance of these products to the realization of AGI. In addition, Altman also mentioned OpenAIs other innovative products, including Sora, DALL-E 3, ChatGPT Junior and the $500 billion investment project "Stargate". Basically all of OpenAIs important products, current plans and future developments appeared in this interview.

Decision of the Standing Committee of the National People's Congress on authorizing the State Council to carry out pilot projects for real estate tax reform in certain regions

Oct 25, 2021 13:53

Decision of the Standing Committee of the National People's Congress on authorizing the State Council to carry out pilot projects for real estate tax reform in certain regions

(Adopted at the 31st meeting of the Standing Committee of the 13th National People's Congress on October 23, 2021)

In order to actively and steadily advance the legislation and reform of real estate tax, guide reasonable housing consumption and economical and intensive use of land resources, and promote the stable and healthy development of the real estate market, the 31st meeting of the Standing Committee of the 13th National People’s Congress decided to authorize the State Council to Pilot projects for real estate tax reform have been carried out in the region.

1. The real estate tax in the pilot areas is subject to various types of real estate for residential and non-residential use, excluding legally owned rural homesteads and their upper residences. The owners of land use rights and house owners are taxpayers of real estate tax. Non-residential real estate continues to be implemented in accordance with the "Interim Regulations of the People's Republic of China on Real Estate Tax" and "Interim Regulations of the People's Republic of China on Urban Land Use Tax."

2. The State Council formulates specific measures for real estate tax pilot projects, and the people's governments of the pilot regions formulate specific implementation rules. The State Council and its relevant departments and the people's governments of the pilot areas shall establish scientific and feasible expropriation management models and procedures.

3. The State Council shall, in accordance with the principle of proactiveness and prudence, make overall considerations to deepen the pilot and unify legislation, and promote the stable and healthy development of the real estate market, to determine the pilot areas, and report to the Standing Committee of the National People's Congress for the record.

The trial period authorized by this decision is five years, counting from the date of issuance of the State Council’s pilot measures. During the pilot process, the State Council shall sum up the pilot experience in a timely manner, and report the pilot situation to the Standing Committee of the National People’s Congress six months before the expiration of the authorization period. If it is necessary to continue the authorization, it may submit relevant opinions, which shall be decided by the Standing Committee of the National People’s Congress. . When conditions are ripe, enact laws in a timely manner.

This decision will come into effect on the date of promulgation, and the time for the pilot implementation to start will be determined by the State Council.

(Source: Xinhua News Agency)

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