The fifth set of renminbi in circulation was bought and sold as a collection


  reporter investigated the illegal transaction chain of circulating renminbi

  ● Some short video platforms, e-commerce platforms, coin collection websites and even a few banks sell the fifth set of RMB; some merchants sell circulated RMB in a booklet to avoid supervision. The usual phrase is "sell packaging, send RMB "

  ● According to relevant management regulations, except for special circumstances, buying and selling renminbi in circulation is illegal; even buying and selling bound circulated renminbi, if it has not been approved by the People’s Bank of China or managed in renminbi on March 19, 2018 It is also illegal to bind frames after the regulations are revised

  ● Let the public understand the legal system of RMB management in various and lively ways; strengthen the daily supervision and management of collections, art, coin franchise and other places, and relevant regulatory authorities should establish and improve mechanisms for information sharing and notification

  □ Our reporter Han Dandong

  □ Intern Wang Yitian

  A commemorative book containing the fifth set of full value of RMB. The serial number on each coin is the "birthday number"-this is the "heart" that coin collector Ji Feng (pseudonym) bought at a high price at the beginning of this year Good things", he even plans to give this set of souvenir books to his daughter as a dowry.

  As everyone knows, Ji Feng's move is suspected of breaking the law.

  The fifth set of RMB will be officially circulated from May 1, 2018.

According to relevant management regulations, except for special circumstances, buying and selling renminbi in circulation is illegal; even buying and selling bound circulated renminbi, if it is not approved by the People’s Bank of China or in the renminbi management regulations of March 19, 2018 It is also illegal to bind frames after modification.

  However, there are many people like Ji Feng who buy renminbi in circulation on the grounds of collection, but they don't know that they are suspected of breaking the law, and there are others who know they cannot do it.

  When there is demand, there is market.

A recent investigation by a reporter from the Rule of Law Daily found that some short video platforms, e-commerce platforms, coin collection websites and even a few banks are selling the fifth set of RMB.

How is this transaction chain formed?

How should it be regulated?

  Circulate RMB into commodities

  Significant increase in the price of prestigious names

  "Will you help me appraise it. How much is this 20-yuan banknote worth? Some time ago, I heard that the fifth set of RMB has entered the collection field. This banknote issued in 2005 should have appreciated, right?"

  "It depends on the crown font size. The price of the banknotes that begin with the first crown FA has doubled several times or even dozens of times. If it is'Shun Zi' or'Leopard', it is even more valuable."

  This conversation comes from a video that a reporter saw on a short video platform.

The video blogger is a coin dealer, and most of the videos he shoots are to introduce the special meaning and collection value of the coin number to the audience in the way of appraising treasures.

  Many of the videos released by the blogger described the renminbi in circulation.

Some netizens who are attentive to the law questioned: "Could it be possible that the renminbi in circulation can also be collected, and can it be bought and sold?"

  The reporter's investigation found that on the short video platform, some bloggers usually publish some coin identification videos, but if they communicate through the "small window" whether to sell the fifth set of RMB, they will send a copy with a different serial number. The latest quotation form" will also be marked at the end of "our company's first-hand source, beautifully packaged, and shipped by the bank".

  In addition to short video platforms, some second-hand trading platforms also have merchants selling the fifth set of RMB.

  Recently, the reporter conducted a search on a second-hand trading platform using "birthday coin" and "leopard number" as keywords, and found that there are not a few sellers selling the fifth set of RMB.

These businesses have a common feature: the product details page will not display the physical map of RMB, but will use a table instead.

  The reporter clicked on the form and saw that it was filled with numbers. Upon inquiry, I learned that these numbers are actually renminbi numbers, such as birthday date numbers, "leopard numbers" and "shunzi numbers", auspicious numbers, etc., which are available for purchase. Home selection.

  Different serial numbers have different prices.

Taking the "birthday number" as an example, a seller divided the RMB into several ranges according to the year and birthday: 1948 to 1967, 1,800 yuan per piece; 1968 to 2011, 1,600 yuan per piece; 2012 to 2015, 1800 yuan One yuan per piece; from 2016 to present, 3,000 yuan per piece.

  If there happens to be the buyer's favorite number in the form, then after the selection is made, the buyer will contact the seller to take a picture of the payment, note the number, and the seller will mail the banknote to the buyer.

Most sellers said that they will be shipped after finishing.

  On a coin collection website, the reporter contacted a merchant selling the fifth set of RMB.

In its product introduction column, there is a clear picture: neatly arranged red hundred-dollar banknotes with clearly visible serial numbers.

The text below the picture: birthday number, if you want to buy it as soon as possible.

  According to the merchant, this batch of "birthday numbers" was collected by the company with great effort. The price is relatively high. A RMB 100 denomination sells for 1,100 yuan.

  Ji Feng, who has more than ten years of collecting experience, will be "ecstatic" as long as he sees such a "beautiful name", because "as long as the serial number is beautiful enough, there is a collection value, and the price is often very high."

  Ji Feng told reporters that RMB collectors generally collect banknotes in bundles and coins in packs.

A bundle of 10 stacks of 1000 sheets, a pack of 500 sheets.

  "Collecting RMB is a hobby that burns money, so there will be some transactions among currency friends, selling their own collections or those who think there is no room for appreciation, and then buying RMB that they think is more valuable for collection." Ji Feng said , "Generally, one bundle or one package changes hands, plus three to five hundred yuan."

  There are many kinds of disguised transactions

  Sold as a book or illegal

  The reporter noticed that some merchants, because they knew that "buying and selling circulated renminbi are illegal," they sold circulated renminbi in bound volumes to evade supervision.

The usual rhetoric of these merchants is "sell packaging and send RMB."

  On a shopping website, the reporter contacted a seller selling the fifth set of RMB as a buyer, and the other party requested that they must be purchased in a book, not just RMB.

  "I'm selling packaging, and RMB is a gift." When asked why, the seller replied.

  The reporter's investigation found that even some banks use such tricks to sell circulating renminbi in disguise.

  A staff member of a bank in Shanghai told reporters that his bank had sold the old version of renminbi some time ago. “The old version of renminbi is no longer in circulation and can be sold according to relevant regulations, but the fifth set of renminbi is not within the scope of sale.”

  Subsequently, the reporter proposed to collect a valuable fifth set of RMB.

The staff member immediately told reporters that the demand can be met. As long as one of the first four sets of RMB is purchased, the bank will give away the fifth set of RMB, which is commonly known as "Leopard" and "Shunzi".

  According to the staff of a bank in Tianjin, the above-mentioned tying situation does exist. There are also cases where the fifth set of renminbi names is made into a book and sold. Generally, the precious metal exhibition company uses the bank platform to sell it.

  "Similar to such a comprehensive set of "Leopard", "Shunzi" or "Birthday", the price will generally be ten times or even dozens of times." said the bank staff.

  Ji Feng's fifth set of full-value RMB souvenir books that he wanted to leave for his daughter as a dowry was bought from a bank at a huge price.

According to his disclosure, someone had already collected the fifth set of RMB long ago, especially the one-yuan denomination, "because it is no longer issued."

  Is it legal to make the renminbi in circulation into a book for sale?

  The reporter checked the relevant management regulations and found that Article 26 of the RMB Management Regulations that came into effect in May 2000 stipulates that "the binding and circulation of RMB and the operation and circulation of RMB shall be approved by the People's Bank of China."

In 2005, the People’s Bank of China further formulated the “Administrative Measures for the Operation and Circulation of RMB” (renamed the “Administrative Measures for the Circulation of RMB” as amended in 2016), in which Article 6 stipulates that “the renminbi shall be subject to a batch of Approval system".

In February 2018, the People's Bank of China abolished the "Administrative Measures for the Circulation of RMB in Binding". On March 19 of the same year, the Regulations on the Administration of RMB were amended to delete the stipulation that "the renminbi in the circulation of binding and circulation shall be approved by the People's Bank of China".

  "From the promulgation and revision of the above regulations, the Chinese government has adopted a very strict attitude towards RMB trading." said Long Fei, a senior consultant at Beijing's own law firm, according to the "People's Bank of China, State Administration of Market Supervision and Administration, State Administration of Foreign Exchange The Announcement (Renminbi Trading and Related Management Regulations) (Draft for Comment) stipulates that before the cancellation of the “Renminbi Circulation Approval for Circulation of RMB”, RMB-bound products approved by the People’s Bank of China can be bought and sold. This provision is also in line with the rule of law for the protection of trust interests. in principle.

  “It can be seen that, based on the formal cancellation of the approval of the binding and circulation of RMB after the revision of the RMB Management Regulations on March 19, 2018, the subsequent acts of binding and circulation of RMB should be illegal, but the binding and circulation of RMB previously approved by the People’s Bank of China can still continue. Trading." Long Fei said.

  Chen Litian, deputy dean of the School of Criminal Justice, Shanghai University of Political Science and Law, also proposed that in 2018, the approval of binding and circulation of RMB has been officially cancelled. At present, most of the circulation of RMB that is sold in a book may not be approved. “Therefore, banks cannot buy or sell without authorization.”

  Indispensable for publicity and education

  Strengthen supervision to resist hype

  In fact, my country’s laws have already explicitly prohibited the illegal trading and circulation of renminbi.

  Article 43 of the Renminbi Management Regulations stipulates that for illegal trading of renminbi in circulation, the administration for industry and commerce and other relevant administrative law enforcement agencies shall give warnings, confiscate illegal gains and illegal properties, and impose a fine of 1 to 3 times the illegal gains. ; If there is no illegal income, a fine of not less than 1,000 yuan but not more than 50,000 yuan shall be imposed.

  "If the circumstances are serious and the amount is large, it may involve the crime of illegal business operations as stipulated in Article 225 of the Criminal Law depending on the specific circumstances." Chen Litian said.

  But why is the trading behavior of circulating RMB still not stopped after repeated prohibitions?

  Long Fei believes that the main reason is that, on the one hand, some people do not understand the law, do not know the law, do not understand the law, and equate collecting RMB with general collecting behavior, thinking that this is just a hobby, ignoring the law's management of RMB Particularity; on the other hand, some businesses take advantage of people’s ignorance of the law, claiming that there is a huge potential for future appreciation, enticing people to buy on the market, packaging and then selling them at a high price, earning huge profits.

  To this end, he suggested that we must first do a good job in publicity and education.

Use modern media such as mobile phones and the Internet to let the masses understand the legal system of RMB management and the boundaries of the law through various and lively ways, so as to truly know the law, understand the law, and abide by the law.

Secondly, it is necessary to strengthen supervision and management, strengthen the daily supervision of collections, art, coin franchise and other places, and relevant supervision departments should establish and improve mechanisms for information sharing and notification, and strengthen law enforcement linkages.

  Long Fei also proposed strict law enforcement.

"Regulate and strictly deal with in accordance with the law, establish a long-term law enforcement mechanism, form an effective market deterrent through a series of typical cases, and eliminate illegal transactions in the market."

  Chen Litian believes that if there is no demand, there will be no market, and the public should stop blindly following the trend of renminbi circulation in a timely manner.

  Comics/Li Xiaojun

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