Question 1. Item (4) of Article 5 of the Provisional Regulations on Business Tax stipulates that the turnover of financial commodities such as foreign exchange, securities and futures is the balance after the selling price is deducted from the buying price. Item (8) of Article 3 of the Notice of the Ministry of Finance of People's Republic of China (PRC), State Taxation Administration of The People's Republic of China on Several Policy Issues of Business Tax (Caishui [2003] 16) stipulates that the turnover of financial enterprises (including banks and non-bank financial institutions) engaged in the business of buying and selling bills and bonds is the balance after the selling price of stocks and bonds is deducted from the buying price. According to the provisions of the financial accounting system, the purchase price of stocks and bonds is determined by subtracting the balance from the dividend income of stocks and bonds obtained during the holding period. 2. Item (18) of Caishui [2003] 16 stipulates that the turnover of an advertising agency is the balance of its total income minus the advertising fees paid to other advertising companies or publishers (including media and carriers). (4) For the business of buying and selling foreign exchange, securities, futures and other financial commodities, the turnover shall be the balance of the selling price minus the buying price; Item (8) of Article 3 of the Notice of State Taxation Administration of The People's Republic of China of the Ministry of Finance on Several Policy Issues of Business Tax (Caishui [2003] 16) stipulates that the turnover of financial enterprises (including banks and non-bank financial institutions) engaged in stock and bond trading is the balance of the selling price of stocks and bonds minus the buying price. According to the provisions of the financial accounting system, the purchase price of stocks and bonds is determined by subtracting the balance from the dividend income of stocks and bonds obtained during the holding period. According to the above regulations, the dividend income during the holding period of wealth management products is not subject to business tax, but the transfer link is deducted as the cost. The method for determining the purchase price in the document Caishui [2003] 16 is clearly defined as a financial enterprise, but whether other enterprises can refer to it in actual operation, it is suggested to communicate with the competent tax authorities. 2. Item (18) of Article 3 of the Notice of the Ministry of Finance of State Taxation Administration of The People's Republic of China on Several Policy Issues concerning Business Tax (Caishui [2003] 16) stipulates that the turnover of those engaged in advertising agency business shall be the balance of their total income minus the advertising fees paid to other advertising companies or publishers (including media and carriers). According to the above provisions, advertising fees paid to other advertising companies or publishers (including media and carriers) can be deducted as taxable turnover.