Chinese Financial-Service Shares Rally on Possible Tax Changes

Share of Chinese financial and tax information-service providers surge, with Servyou Software leading the rally, as a potential new round of fiscal and tax system changes may boost information-system development, according to Eastmoney Securities.

• The National Audit Office suggests a new round of fiscal and tax system reform, and calls for stepping up management of the tax collection system and plugging loopholes, the office says in its audit report for 2023
• The new system development will support fiscal and tax compliance, and boost the digital economy in an orderly manner, according to a note from Eastmoney Securities
• Servyou Software shares ...