非法吸收公众存款

非法吸收公眾存款

fēifǎ xīshōu gōngzhòng cúnkuǎn

phrase

Meanings

1 illegal deposit-taking from the public
2 illegal public fundraising

Characters

to absorb, draw in

to receive, collect

to deposit, store

Examples

HSK 6

他被控非法吸收公众存款罪。

Tā bèi kòng fēifǎ xīshōu gōngzhòng cúnkuǎn zuì.

He was charged with illegal deposit-taking from the public.

HSK 7-9

该平台涉嫌非法吸收公众存款。

Gāi píngtái shèxián fēifǎ xīshōu gōngzhòng cúnkuǎn.

The platform is suspected of illegal deposit-taking.

HSK 7-9

非法吸收公众存款罪最高可判十年。

Fēifǎ xīshōu gōngzhòng cúnkuǎn zuì zuìgāo kě pàn shí nián.

Illegal deposit-taking carries a maximum ten-year sentence.

Tips

culture

A specific offence under Article 176 of the PRC Criminal Law - taking deposits without a banking license. Used heavily against the P2P lending platform collapses (e.g. 善林金融, 钱宝网, 联璧金融) during the 2018 P2P wipeout that cost retail investors billions.

Stroke Order

非 fēi

法 fǎ

吸 xī

收 shōu

公 gōng

众 zhòng

存 cún

款 kuǎn