China's wealthy overseas transfer property path exposure underground bank money laundering exit

A variety of ways to operate concealed underground banks: The wealth of the white wash out of the overseas transfer of huge wealth, the rich have always avoided.　　In the process of overseas transfer of wealth, "money laundering" through underground banks is an extremely convenient way. Underground banking is a kind of organization commonly known as the underground illegal financial business, and it is a manifestation of underground economy. Underground banks in foreign countries also have a variety of forms. In the United States, Canada, Japan and other areas of the Chinese area known as "underground Bank", mainly engaged in the community of Chinese remittances, collection business. Similar to the underground Bank of the organization in Asia there are many, some underground banks have even developed into a networked, professional underground banking system.　　The economic prosperity of underground banks provides a stable way of money-laundering for Chinese billionaires to transfer their assets overseas.　　As illegal intermediaries in financial services, wealthy individuals can hand over renminbi assets of unequal size to underground banks and pay the relevant "handling fees" (ranging from three out of 10,000 to a percent), while underground banks can enter foreign currencies into the rich's offshore accounts through foreign partners. For the transfer of wealth, the underground banking process is simple, fast, cash turnover fast, and can evade banking, taxation, industry and commerce and other departments of supervision. Under normal circumstances, the wealthy through the underground bank exchange or transfer, a few minutes to complete a single. Because the illegal business activities of underground banks are more covert, the quantity and fund throughput of money laundering by underground banks are difficult to be accurately counted.　　But from the domestic and international cracked similar cases, a larger underground banks daily capital water as many as tens of millions of dollars is not surprising. Registered Offshore Company: covert Operation Transfer of wealth some countries and regions in the world (mostly island nations) have developed and cultivated some particularly loose economic areas in recent years, which are generally called offshore jurisdictions.　　The so-called offshore company is generally referred to in the offshore area of the establishment of limited liability companies or joint stock company. In mainland China, wealthy groups, including entrepreneurs, businessmen, senior managers, actors, writers and others, are keen to register their own offshore companies. This is because all major international banks recognise offshore companies and are willing to facilitate their bank accounts and financial operations.　　In the process of operation, on the one hand this kind of offshore company can help the rich group to reduce the tax amount, on the other hand, the offshore company is not subject to foreign exchange control, this can also make their overseas investment, transfer wealth plan more covert and free. British Virgin Is. is one of the three largest offshore companies registered in the world with the largest number of registered enterprises. Data show that the global registered offshore companies have 70多万家 enterprises, including 50多万家 in British Virgin Is. registration.　　In this 50多万家 offshore enterprise, there are 20多万家 companies related to China, accounting for more than 40% of British Virgin Is. Offshore company. It is very convenient for the wealthy groups to transfer personal assets through offshore companies, usually, after obtaining the certificate issued by the company's registered agency, the offshore company's establishment formalitiesCan be completed in 24 hours.　　And in British Virgin Is. to register an offshore company, at least only need to pay 300 of dollars in fees, at most, but not more than 1000 U.S. dollars, which is hundreds of millions of or even tens of billions of millionaires, is bucket. "Flee" the rich property overseas transfer way to extreme in China "flee" among the billionaires, Xiamen far-China case lead Lai is a well-deserved king of.　　According to the 2010 Forbes "flee" rich list shows that Lai to 25 billion yuan of the amount of money involved in the "fleeing" rich first, compared to the second ranking of the Yang Rong (the founder of the Brilliance Empire, involved in the amount of 7 billion yuan) more than 18 billion yuan. Due to the possibility of repatriation, Lai's tens of billions of assets are also possible to be confiscated. In order to maximize the protection of their wealth, in 2006, Lai and his wife Zengminna divorce, and the huge property transferred to Zengminna name. According to the lawyer who is familiar with immigration and refugee affairs, after the divorce of Lai, if he is to be repatriated, his property will not be confiscated and he will transfer his property to his wife's name.　　In addition, Zengminna and its 3 children will not be repatriated at the same time, even if repatriated after the divorce. Yang Rong used to be a symbol of China's capital market. As a net worth 7 billion yuan of "flee" the rich, the foreign transfer of property not move a pawn, his modus operandi is the first to take state-owned assets overseas listing, and then through a capital maneuver after the privatization of state-owned assets. October 18, 2002, Liaoning Province prosecutors to the alleged economic crimes as the name of the approval of the arrest, Yang Rong forced to flee the United States. However, because the "Brilliance Department" part of the state-owned assets have been in the foreign transfer before the escape, and the structure of the shareholding to make adjustments, so Yang ran away from the United States, including the Hong Kong Far East Jinyuan (formerly Yuantong Holdings, 1188.HK) and other overseas assets have been classified as a private.　　This is one of the reasons why Yang Rong can be elected as the second richest man in 7 billion yuan. To privatize the state-owned assets abroad the number of wealthy Chinese is staggering as a developing country with only 3677.86 US dollars per capita GDP (2009), China has a huge gap with Europe, the US and Japan. But China seems to have a clear advantage over the number of billionaires. According to the 2010 Hurun Report, as of the end of 2009, the mainland had 875,000 tens of millions of rich and 5.5万个亿万, of which tens of millions of billionaires grew 6.1% year-on-year, and billionaires grew 7.8%, complementing GDP growth in the same period. Still, Hurun said: "There are a lot of super rich people that are potentially underwater, not what we see." According to a report released last December by the Boston Consulting Group, China already has 670,000 households with assets of more than $ Million, ranked third in the world, after the US and Japan. Wang Yiwei