Chapter 44 Exploiting Loopholes in the Law

Fan Wubing spent hundreds of thousands to go out, and he was in pain, but he didn't expect that someone would send money to his door.

Qiu Baohua suddenly called and wanted to dismantle part of the funds with him and make a small fortune.

Qiu Baohua naturally knew how much money Fan Wubing had in the Swiss bank account he opened in Hong Kong, so he wanted to borrow seven million from the very beginning.

"My money is all in Japanese yen. If you want to borrow money, you are looking for the wrong person?" Fan Wubing recently needs a large sum of money to operate, but Qiu Baohua is also very important to him, so he is embarrassed to refuse, and he is unwilling to borrow money. Money, he said hesitantly.

"Ten percent interest for at most half a month. As for the yen, you can use your yen certificate of deposit as a guarantee to borrow a sum of RMB from the bank! It's very easy!" Qiu Baohua replied.

"Short-term loans? You can think about it! But, what kind of business are you doing? You can earn 10% in half a month?" Fan Wubing was very curious. Where did Qiu Baohua find such an easy way to make money? up?

Qiu Baohua's willingness to pay Fan Wubing 10% interest naturally means that his income must be greater than 10%. The handover will be clear within half a month, which is obviously a way to make quick money. Can't think of anyone who has such a way.

"Now we have transferred to Shenzhen to develop! You don't know, there are opportunities to make a fortune everywhere!" Qiu Baohua over there seemed very excited.

As for? Isn't it just from Guangzhou to Shenzhen, is there really such a big difference? Fan Wubing suddenly felt that Qiu Baohua was exaggerating a bit, so he questioned, "Let's get straight to the point. If I didn't know the details, I wouldn't lend you the money. This is my hard-earned money!"

"Okay, okay——" Qiu Baohua said on the phone, "I'm not cheating you out of money, this is actually how things are!"

After listening to Qiu Baohua's explanation, Fan Wubing finally figured out that they had found a new source of income. No wonder they haven't brought up the matter of reselling cultural relics recently, and they haven't added trouble to Fan Wubing. They are reversing money now.

In the middle of this year, Qiu Baohua's Tongsheng company moved to Shenzhen and opened an import and export trading company with a serious license to do some buying and selling business.

According to the SAR policy at that time, foreign products imported into the SAR cannot be sold outside the SAR, but there is no restriction on the shipment of goods purchased by customers outside the SAR in the SAR. The business of an import and export trading company is not much different from reselling corn: first, 25% of the payment from the mainland demander is collected as a deposit, and then the order is placed with the Hong Kong company, and the Hong Kong company is paid in the same proportion. , the buyer pays the balance and picks up the goods.

The key to buying and selling is that what is received is Renminbi, and what is paid to Hong Kong companies is Hong Kong dollars or U.S. dollars. The profit of the exhibition center comes from the ability to obtain foreign currencies. To open such an exhibition and sales center, you must first have an import license, and then contact a unit that has a share of foreign exchange earnings from foreign exchange exports. That is to say, you cannot open such a company without a certain government background and public relations capabilities.

The Tongsheng company that Qiu Baohua works for is very successful in both black and white, and the boss has an unusual background. Recently, he has frequently contacted some big shots who came to Guangdong, trying to make a fortune by taking the upper-level route. And he also found a way to make a fortune, which is reversing foreign exchange.

At the beginning of the month, a big man from Beijing came to Shenzhen and declared to Qiu Baohua's boss that he had 30 million US dollars in export foreign exchange reserves on hand, and the exchange rate was 3.7 yuan for 1 US dollar.

The so-called foreign exchange retention is not cash, but a quota indicator. It should belong to a large state-owned foreign trade company, and it was finally transferred to the hands of a poor man with official background in a very gray way. At that time, the market exchange rate was 1 U.S. dollar to 4.2 yuan. Qiu Baohua booked 10 million U.S. dollars of foreign exchange retention from this person according to the boss's instructions, and then he borrowed 20 million yuan from the Bank of China, plus his company If you borrow another 7 million from Fan Wubing,

You can make up 37 million. In this way, 37 million yuan is handed over to the other party in exchange for 10 million U.S. dollars in foreign exchange retention, and then sold at the market price, so that once in and out, you can earn a difference of 5 million yuan in exchange.

"This shit is blatant money laundering! How come I don't know there is such a good thing?!" Fan Wubing shouted immediately after hearing Qiu Baohua's explanation.

Before he was reborn, he specialized in this line of work, and he was a master at it. Now, when he heard about it, how could he not be able to distinguish the problem? It's just that he is very puzzled. Doesn't the country have corresponding policies or laws and regulations to restrict such obvious money laundering methods?

This kind of exchange and reselling seems to be more enjoyable than reselling corn. It seems that such an underground channel for resource transportation has long been formed between Shenzhen and Beijing at that time, and a steady stream of national quotas and public interests were sold in various forms. In the South, they operate on the fringes of the law, contributing to the sudden wealth of certain individuals and corporations.

Qiu Baohua's import and export company plays the role of terminal money laundering in this game. He transferred foreign exchange indicators from Beijing, contacted Hong Kong businessmen and domestic companies who purchased and shipped goods, and "cleaned" the exchange rate difference through the import and sale of goods Into the circulation price difference.

After Fan Wubing listened to Qiu Baohua's explanation, he immediately looked up the relevant laws and regulations. As a result, he was surprised to find that the country's current laws on money laundering are basically blank!

What is surprising is that although this currency exchange game is very active, the national laws have always turned a blind eye to it. They have not made the necessary definitions and regulations, and even the nature of the behavior is vague, leaving great mediation and ambiguity. space.

According to the law at that time, there was almost no clear explanation in the text of what was meant by "evasion of foreign exchange". The remittance business that Qiu Baohua participated in actually had formal procedures, ranging from bank remittances to import approval documents, even if it was a special economic investigation. Group, and there is no basis to determine whether such behavior is illegal.

"Oh, my God! If I had known about such a good thing, why would I raise pigs! Flipping hands is worth millions, and it's still reasonable and legal!" Fan Wubing immediately patted his forehead and moaned.

No wonder thirty years later, the original sin of domestic capital is often mentioned, and should they be held accountable? It turned out that in Shenzhen at that time, or other places, many people were engaged in similar activities, quietly gathering their own primitive accumulation, regardless of whether it was white or gray.

"This is a loophole in the law! Should I take advantage of it, or not?" Fan Wubing felt difficult to choose.