Tax on the transfer of stamp duty equity. Equity transfer are two situations: one is in Shanghai and shenzhen stock exchange trading or managed enterprise equity transfer, the transfer shall be in accordance with the securities (stocks) stamp duty tax rate of 3 ‰ securities (stocks) stamp duty. The second is the transfer of equity in an enterprise which is not traded on the Shanghai or shenzhen stock exchange or in custody. The transfer shall be held on September 18, 1991 In theoretical economics, investment means buying (and therefore producing) capital goods - not being consumed but being used in future production. Examples include building railroads, or factories, cleaning the land, or allowing yourself to go to college. Strictly speaking, investment in formula GDP= C + I + G + NX is also part of gross domestic product. In that respect, the function of investment is divided into non-residential investments (such as factories, machinery, etc.) and residential investment (new homes). The correlation between I = (Y, I) is known to have a close relationship with income and interest rates. Higher incomes would boost higher investment, but higher interest rates would discourage investment because it would be more expensive to borrow. Even if companies choose to use their own funds to invest, interest rates represent the opportunity cost of investing in those funds rather than the interest that will lend out. First of all, it costs transaction cost for the manufacturer to purchase intermediate products in the market. It includes the cost of seeking suitable suppliers, signing contracts and supervising contract execution. If the manufacturer can produce some intermediate products within the enterprise itself, it can eliminate or reduce some transaction costs, and can better guarantee the quality of the products. Second, if the manufacturers need is a special type of specialized equipment, the supplier does not generally willing to specialize in only a buyer of the product of the investment and production, because this kind of proprietary investment risk is bigger. Therefore, vendors that need this specialized device need to solve the problem of specialized devices within the enterprise. In the end, the manufacturers hire employees with specialized skills, such as specialized product design, cost management, and quality control, and establish long-term contractual relationships with them. This can be more beneficial than buying the corresponding services from other vendors, thereby eliminating or reducing the corresponding transaction costs.