Shanghai reported illegal trading foreign exchange cases last week, arrested captured, arrested arrests, arrested arrests, arrested arrests, arrested arrests, arrested arrests, arrested arrests, arrested arrests, arrested arrests, arrested arrests, arrested arrests, arrested arrests, arrested arrests, arrested arrests, arrested arrests, arrested arrests, arrested arrests, arrested arrests, arrested arrests.One of the five criminal suspects, one of which is rumored to be the boss of China's largest immigration company in the United States. This case quickly brought China's capital flow and foreign exchange control to become the focus topic again.
According to the surging news on August 10, the Shanghai police notified the case involved in the case of more than 100 million yuan (the same, the same, the 100 million yuan or about S $ 18.78 million).The person in charge of the service company He Mou (female, 54 years old) and employee Sun Moumou (female, 39 years old) Since 2016, in the process of providing intermediary services, in order to obtain illegal benefits, they have adopted the way of collecting RMB and providing foreign currency overseas in China.Others illegally provide foreign exchange trading.
The other three employees of the company also existing criminal acts to provide illegal exchange for others by introducing the underground bank.
At present, Hemou and Sun Moumou were criminally detained for suspected illegal operation.
It is reported that the "He Mou" in the above -mentioned notification is He Mei, the chairman of the well -known Sino -US immigration agency "foreign country abroad".The surging news reported on August 11 that the Shanghai police responded to the above rumors: He and five people and five people had been adopted criminal compulsory measures in accordance with the law for alleged illegal foreign exchange transactions.
"Outside Overseas" and his chairman He Mei
Public information shows that the Outside Group is the largest immigrant intermediary agency in Shanghai, China, involving the fields including overseas immigrants, overseas investment, and investment.Overseas education, etc., claims to have the number of green cards in the country for eight consecutive years, and has the number one in the country for eight consecutive years.
According to the website of the foreign country abroad, the company specializes in overseas investment and overseas immigration business, focusing on "immigration does not move", and emphasizes that it can help customers "fast immigration".Customers who pass the U.S. Immigration Department and "log in to Vancouver the fastest month".
He Mei himself is a signboard of "abroad abroad". According to information on the Internet, He Mei actively participated in various charity work and conference forums, and said that she had won the United States in 2014.The foundation awarded awards, and "the big screen of the photo ascending to the New York Times Square in the United States".
He Mei is still the founder of the US -China Long Triangle (Greater Bay Area) Industry and Commerce Federation.He Mei is also the executive director of the global think tank headquarters in Beijing, vice chairman of the American Chinese Association Federation and Director of Huamei Jiaojin News Agency.
Some netizens have analyzed that foreign countries to go abroad are one of the largest Sino -US immigration companies in China, mainly helping the rich in China to immigrate to the United States.If He Mei is arrested, the police will have the big data of the immigration list.
Almost at the same time, there are overseas sources saying that the police ask He Mei to pay all customer information.The news was also exploded online.
China ’s foreign exchange control
It completely canceled foreign exchange control and Europe and the United States, as well as some foreign exchange controls such as Japan and Australia. China has always adopted strict foreign exchange control measures.
For China, adopting strict foreign exchange control measures can maintain financial stability, maintain exchange rate stability, and achieve trade differences. At the same time, it also helps to control the flow of capital and prevent capital escape.
According to the Chinese personal foreign exchange management policy, individuals in the country enjoy foreign exchange purchase at an equivalent of $ 50,000 (about S $ 67308) each year;The foreign exchange purchase is processed by my valid ID and related certificates with transaction amounts under the project.The purchase of foreign exchange within the convenience of the personal annual convenience of the year shall not be used for non -open capital projects such as overseas buying, securities investment, buying life insurance, and investment in dividend insurance.
Under the rigorous quota of only 50,000 US dollars each year, China's long -term existing illegal underground money villa transaction volume has increased with the expansion of asset transfer demand.
The Ministry of Public Security of China first publicly crack down on the underground Qianzhuang case in 2017, saying that in 2016, more than 380 major cases were cracked, and the transaction volume exceeded 900 billion yuan.
China's foreign exchange control is tightened?
The China Foreign Exchange Administration issued a notice on September 11 last year, stating that the "zero tolerance" attitude has severely crack down on illegal cross -border financial activities, strengthen collaborative governance, comprehensive governance, source governance, and gradually establish substantial authenticity and methodsThe authenticity of the foreign exchange business of diversified, due diligence, and safe and efficient foreign exchange business to maintain the healthy order of the foreign exchange market.
On the 29th of the same month, the Foreign Exchange Bureau informed 10 cases of foreign exchange violations.The total penalty of 10 cases was not 52.156 million yuan.These 10 cases of violations involve 10 banks' cross -border guarantees, foreign direct investment in foreign countries, cargo trade, service trade and other businesses.
The Foreign Exchange Bureau notified 10 cases of illegal trading and selling foreign exchange through underground money villages on August 4 this year.
As a series of strict means to ensure foreign exchange control, foreign investors have also begun to worry, and they speculate that China is further tightening foreign exchange control.
Mark Mobius, the fund manager, known as "Emerging Market Godfather", said in March this year that he could not be transferred abroad in Shanghai HSBC account.Bar obstacles, including the record of asking him how to make money in 20 years.He pointed out that the "(China) government is restricting funds from flowing out of China."
Although the China Foreign Exchange Bureau responded at the time that the cross -border exit policy of funds has not changed, from the perspective of the trend of immigration, capital outflow and foreign trade in China in the past two years, this response lacks convincing.
After China's loosening policies, Bloomberg reported in January this year that the outflow of the rich in China is accelerating, which will lead to China facing a large amount of capital outflow.
The data released by Henleypartners, a well -known British consultant company, showed that China lost 10,000 and 800 high net worth individuals (people with $ 1 million in investment wealth) last year, second only to Russia, and they are also ourselves.It has been up to once in 2019.The agency also predicts that this year will break the record to reach 13,500.
The macro observation released by Bank of China in April this year pointed out that China's capital flow has changed significantly last year, especially in short -term cross -border capital fluctuations increased.Since 2017, China's non -reserve financial account has fluctuated smoothly, but the deficit has expanded significantly last year.Among them, the expansion of securities investment projects is the main reason for this fluctuation increase. During the year, a total net outflow of 281.1 billion US dollars was reversed from the net inflow of 51.4 billion US dollars in the previous year.
The Wall Street Journal quoted the data last year that in the Chinese bond market, funds have been greatly flowing for three consecutive monthsOut, foreign investors have reduced their holdings of about 301.4 billion yuan in three months.
The latest data released by the General Administration of Customs on the 8th of this month shows that China's trade volume in July fell sharply, and exports fell by 14.5%year -on -year; imports decreased by 12.4%year -on -year.The performance of import and export is much lower than market expectations, especially the high export decline has exceeded the new high since February 2020.
The weak economic recovery of China's economy has also weakened foreign confidence.China National Foreign Exchange released data on the 4th of this month. In the second quarter of this year, the indicators of direct investment in foreign investors in China, that is, direct investment liabilities, increased to US $ 4.9 billion, 87%compared with the same period last year.Record the minimum quarterly increase.
Strictly punish the underground bank, to report illegal banks, and then to crack down on immigration agencies. China is getting wider and wider about the scope of capital outflows such as immigrants and exchange.
As China's economy continues to face downward pressure and market confidence is delayed, it may be more and more actions to prevent capital outflows.
