![](https://i.imgur.com/CLvY2jA.png")
20-12-2023, 09:52 AM
potentially sich remittance business allow indirect leaking of chinese money out of china.
potentially, one rich want to send money outside china but no legal way to do it.
so he goes to such remittance company.
the remittance company accept the exchange maybe got some extra fee since it is not easy to send money legally oversea. when there is a remittance from outside of china to some people in china. the remittance company can then use these origin china money to pay out.
the money received from oversea remittance company then used to pay to china origin money who want to be send outside of china. in that way money wanting out of china by pass the legal way which is difficult to get.
by freezing the money of those receiving account in china will stop people from using the remittance company.
my guess of how it could work for illegal money only.
by stopping these remittance company is reasonable move since it will help the china legal enforcement and hopefully leads to release of money for those innocent money sender from singapore. hopefully money jit for cny.
potentially, one rich want to send money outside china but no legal way to do it.
so he goes to such remittance company.
the remittance company accept the exchange maybe got some extra fee since it is not easy to send money legally oversea. when there is a remittance from outside of china to some people in china. the remittance company can then use these origin china money to pay out.
the money received from oversea remittance company then used to pay to china origin money who want to be send outside of china. in that way money wanting out of china by pass the legal way which is difficult to get.
by freezing the money of those receiving account in china will stop people from using the remittance company.
my guess of how it could work for illegal money only.
by stopping these remittance company is reasonable move since it will help the china legal enforcement and hopefully leads to release of money for those innocent money sender from singapore. hopefully money jit for cny.
