Tag: 杭州桑拿泡茶

China Association for Fundamentals: Reduction of annual membership fees for all member institutions in Hubei Province in 2020

China Association for Fundamentals: Reduction of annual membership fees for all member institutions in Hubei Province in 2020
Sauna Night News China Fund Industry Association issued an announcement on April 28, saying that in order to actively respond to the State Council’s call for tax reduction and fee reduction, to effectively reduce the burden of members and reduce the cost of production and operation of members, China Securities Investment Fund Industry Association (hereinafter referred to as “the Association”)To study and formulate a 2020 fee reduction plan, which was reviewed by the Association ‘s President ‘s Office and voted on April 27, 2020. The relevant information is now announced as follows: First, all member organizations in Hubei Province that have been severely affected by the epidemic (removal)(One of the institutions in Hubei) is the annual membership dues in 2020.At the same time, all new applicants in Hubei Province will be exempted from joining the association (an organization in Hubei, one of the registered or office locations) in 2020.The second is the reduction and exemption of the 2020 annual membership fees of private equity startups (the projects in the invested region include small and medium-sized enterprises or emerging enterprises and the book value accounts for more than 50% of the size of the management fund).The third is to reduce or exempt local associations, futures companies and subsidiaries from 2020 annual membership fees.The fourth is to reduce the 2020 annual membership dues of public fund management company subsidiaries and securities company private equity fund subsidiaries that have caused operational difficulties due to a decline in asset size and a significant decrease in profitability.In summary, the above reduction and exemption programs benefited 815 member organizations, and the fee reduction and exemption expenditure was about 30 million yuan.