本报记者 陈莹莹 香港报道

Our reporter Chen Yingying reported in Hong Kong

　　根据香港入境事务处公布的《资本投资者入境计划规则》，从2010年10月起，香港将根据计划申请来港的投资门槛由650万港元增至1000万港元。

According to the Hong Kong immigration department[The capital investment entrant scheme rules],Since October 2010,Hong Kong will according to the plan to apply for Hong Kong investment threshold increased by hk $6.5 million to hk $10 million.

　　政府明令要求1000万港元的门槛，为什么到了移民中介手上就可以降至150万港元？

The threshold of the government order of hk $10 million,Why getting immigration intermediary can fall to 1.5 million Hong Kong dollars?

　　“你们为什么能比政府规定的金额少这么多？”

"Why do you can be less than the amount stipulated by the government so much?"

　　“150万港元等于是一笔1000万投资金额的利息。我们有一笔1000万港元的香港债券投资产品用您的名字来代持，直至7年后，您和家人拿到香港永久居民资格为止。”

"Hk $1.5 million as a 10 million investment amount of interest.We have a hk $10 million of bonds investment products in Hong Kong to hold in your name,Until seven years later,You and your family to get Hong Kong permanent resident status."

　　“那你们这些投资的钱来自哪里？”

"That you to invest these money come from?"

　　“基本都是一些上市公司的现金及投资资金。一般香港上市公司的现金或长期投资资金会投资于香港市场一些固定收益产品，比如存款证、债券等。这些投资利息这么低，上市公司额外收一笔100多万港元的利息，何乐而不为呢？”

"Basic it is some of the listed company cash and investment funds.General Hong Kong listed company cash or long-term investment funds will invest in the Hong Kong market some fixed income products,Such as deposit certificate/Bonds, etc..These investment interest rates so low,Listed company extra charge interest on a more than hk $100,Why not do it?"

　　“也就是说，这些一份一份的1000万港元都来自上市公司财务报表上的拨备资金或现金流咯？”

"That is to say,Such a hk $10 million from a funds set aside on the financial statements of listed companies or cash flow?"

　　“是的。这就是为什么很少移民公司能做这种服务的原因。要找到同意合作的上市公司，才能提供此类服务。否则，上市公司怎么会随便让1000万港元资金放在你的户口上？”

"yes.This is why very few immigration company can do this kind of service.To find a listed company agreed to cooperation,To provide such services.otherwise,Listed company how can literally let a hk $10 million funds on your account?"

　　“上市公司不怕我把1000万港元的钱转移出去吗？我们会与你签订一个协议，你只是这1000万港元资金的代持者，且你根本无法操作这个账户里的钱。”

"Listed companies are not afraid to go out I transfer money to hk $10 million?We will sign a agreement with you,You just held this hk $10 million cash generation,And you can't use the money in the account."

　　“我有什么法律风险吗？你们有成功的案例吗？”

"I have any legal risk?Do you have any successful cases?"

　　“上述方法是在投资移民门槛从650万港元升至1000万港元后才出现的。2012年，我们做了2个这样案例，已经通过香港入境事务处的审批，但等待7年拿到香港永久居民身份证的客人还没有。这种办法很安全。”

"The above method is from hk $6.5 million to hk $10 million in investment immigration threshold after.In 2012,,We made two such cases,Has passed the approval of the Hong Kong immigration department,But waiting for seven years to get Hong Kong permanent resident id card of the guest is not.This way is safe."

　　以上对话是本报记者与其中一家贴出上述广告的移民顾问公司移民顾问的聊天记录。

The above dialogue is one of our correspondent and posted the AD migration consultants immigration adviser chats.

　　今年2月6日，美国证监会指控芝加哥会议中心违反了3项证券法规定，以欺诈的方式出售证券获取了1.45亿美元的投资款和另外1100万美元的管理费。该项目的投资人也以希望投资移民美国的中国人为主。

On February 6,,The SEC accused the Chicago convention center in violation of the provisions of the three securities law,Sale of securities in the form of fraud for the $145 million investment fund and another $11 million in management fees.The project's investors also mainly want investment immigrant American Chinese.

　　同样是承诺“签证不成功退钱”，同样是带给投资者移民投资门槛的优惠条件，上述香港投资移民服务是否也有法律隐患，是否有欺诈嫌疑呢？

The same is a promise"Visa is not successful a refund",Immigration is also bring investors investment threshold of the favorable conditions,Whether the Hong Kong investment immigration service has legal risk,If there is a suspected fraud?

　

　谁会让你代持1000万港元？ Who can let you generation is hk $10 million?

　　一位熟悉香港投资移民政策的法律顾问说：“事实上，上述办法可能存在非常大的法律风险。”这些风险至少包括：

A person familiar with the laws of the Hong Kong investment immigration policy adviser said:"In fact,,This way there may be a very big legal risk."These risks include at least:

　　风险一：违反香港投资移民规定，导致申请无效。

A risk:In violation of the provisions of the Hong Kong investment immigration,Invalid in applications.

　　根据香港投资移民的规定， 香港投资移民的申请人应将不少于1000万港元投资于获准许的资产投资类别。因此这个投资必须是申请人作出的， 他也应当对投资的账户有控制权。

According to the regulation of the Hong Kong investment immigration, Hong Kong investment immigrant applicants shall be not less than hk $10 million assets invested in be permitted investment category.So the investment must be made by the applicant, He should also have control over the investment account.

　　若真如该中介所述，“你只是这1000万港元资金的代持者， 且你根本无法操作这个账户里的钱”，则实际的投资人并非申请人。这种安排本质上违背了香港政府推出投资移民政策的初衷，即“旨在让那些把资金带来香港，但不会在港参与经营任何业务的人士来港居留”。因此一旦被入境事务处知晓， 该申请的有效性会有很大风险。

If true as stated in the mediation,"You just held this hk $10 million cash generation, And you can't use the money in the account",The actual investor is not the applicant.The arrangement is essentially violates the Hong Kong government investment immigration policy in the first place,That is"Designed to allow those who bring money to Hong Kong,But it will not participate in any business in Hong Kong to Hong Kong residence".So once they are immigration department know, The validity of the application there is a big risk.

　　风险二：违反开户银行反洗钱在内的合规规定。

Risk 2:In violation of the provisions of bank anti-money laundering compliance,.

　　在银行开户须进行客户身份鉴别(Know Your Client)程序是一个常识。其目的之一在于明确账户的实际持有人，以确保账户不会被用于从事包括洗钱在内的非法交易。如果真如该中介所述，申请人以自己名义所开设的帐户，实际的控制权并不在自己名下，且根本无法操作该账户，那其身份则非常类似于一个nominee，即该中介所说的“代持人”。如果其在开户时未向银行方面说明这点，则有开设账户时虚假陈述的风险。

In the bank account must be for customer identification(Know Your Client)Program is a common sense.The actual holder of one of its purposes is to clear account,To ensure that the account will not be used to engage in, including money laundering, illegal trade.If true as stated in the mediation,The applicant opened the account in the name of myself,The actual control is not in his own name,And don't use this account,That their identity is very similar to that of a nominee,Namely the mediation"Generation of a person".If it opens an account does not show this to the bank,Have opened accounts at risk of false statements.

　　风险三：上市公司操控账户，违反上市规则。

Risk of three:The manipulation of the listed companies accounts,In violation of the listing rules.

　　该中介还提到， 资金的来源主要是“一些上市公司的现金及投资资金”。对于上市公司可否将资金以这种形式匿名投资于资本市场，这一点是要打一个很大的问号的。

The mediation is also mentioned, The source of the money is mainly"Some of the listed company cash and investment funds".For listed companies can put their money in the form of anonymous investment in capital market,This is to make a big question mark.

　　一位香港会计师告诉记者，如果被股东知道，他们很可能会向香港政府举报该上市公司内部员工擅自挪用资金。“这种情况下，可能不仅是证监会，警方都会介入调查。”香港证监会负责人说。

A Hong Kong accountant told reporters,If the shareholder know,They are likely to report this to the government of Hong Kong listed company internal employee embezzlement without authorization."In this case,May is not only the securities and futures commission,The police will investigate."Hong Kong's securities and futures commission, said.

　　“不要说上市公司，如果你有1000万港元，你会甘于7年15%的回报率吗？公司股东在知情的情况下，不可能做出这样的投资决定。这种行为一旦产生，很大可能是一些个人或组织，在股东不知情的情况下，将这笔钱挪用了。”上述会计师分析道。

"Don't say the listed company,If you have a hk $10 million,You will be content to 15% return on the 7 years?The shareholders of a company's knowledge,Impossible to make such investment decisions.Once this kind of behavior,May be some individuals or organizations,Unwittingly in shareholders,The money embezzled."The accountant said.

　　风险四：资金被挪用转移。

Risk of four:Transfer funds were misused.

　　这一点是显而易见的。该香港投资移民账户并不在投资者自己的控制下。香港投资移民是一个很漫长的过程。在这7年时间里， 如果发生一些意外的情况，账户内的资金被挪用或者转移的直接损失的承担人仍然是申请人本人。不仅资金可能面对风险，其香港投资移民计划也会夭折。

This is obvious.The Hong Kong investment immigrants account is not under the control of the investors themselves.Investment immigrant in Hong Kong is a very slow process.In the seven years, If there is some accident situation,Funds were misused in an account or transfer the direct damage to people is still the applicant himself.Money may not only face the risk,The Hong Kong investment immigration program will be aborted.

　　当本报记者通过电话向深圳几家规模较大的移民顾问公司查询，他们均表示，公司不提供客户在香港投资资金不足1000万港元的投资移民服务。“万一上市公司破产，或投资发生变化，那申请人很可能无法通过香港入境事务处定期对这些资产的审核。”一位移民顾问公司负责人说。

When our reporter to shenzhen via several query larger immigration consultancy company,They all said,Company does not provide customer less than hk $10 million at the Hong Kong investment funds investment immigration service."One thousand listed companies in bankruptcy,Change or investment,That the applicant is likely to pass the Hong Kong immigration department for these assets audit on a regular basis."An immigration adviser, company officials said.

　　因此，这种投资移民方式无论对于上市公司，还是申请人来说，都是双输行为。

so,This way of investment immigration for listed companies,Or the applicant,Is a lose-lose.

　

　“没有一个成功案例” "None of the successful cases"

　　“你们2012年成功的两个案例中是哪些上市公司的钱？如果你有1000万港元，你不觉得7年期的利率不足15%，平均每年的借贷利率不足2.2%很低，而且若被股东发现，可造成‘挪用资金’的罪名，这样的代价很大吗？”

"You successful 2012 what are the two cases of listed companies?If you have a hk $10 million,Don't you think the seven-year rate less than 15%,Average annual lending rate is less than 2.2% is very low,And if found by shareholders,Can result in‘Misappropriation of funds’The charges of,It cost a lot?"

　　面对这些问题，上述承诺150万港元提供香港投资移民的公司负责人称，需要再了解后，再进行解释。但截至目前仍未答复。

In the face of these problems,The pledge of hk $1.5 million to provide the Hong Kong investment immigration company officials say,Need to know,Explain again.But so far still did not reply.

　　“据我所知，上述150万港元投资移民香港的做法还没有一个成功的案例。”一位中资资产管理公司销售告诉记者，除了上市公司以外，香港一些小型证券公司亦有将一些大客户不可出售的股票，借贷给香港投资移民的申请者。“这种做法100%会出事。”他说，去年，香港证监会查处了两家从事上述将股票借贷给投资移民申请者的公司。

"As far as I know,The above hk $1.5 million investment immigrant in Hong Kong is also not a success."A Chinese asset management companies sales told reporters,In addition to the listed company,Hong Kong small security companies also have some big customers cannot sell shares,Lending to the Hong Kong investment immigration applicants."This accident will approach 100%."He said,Last year,,Hong Kong's securities and futures commission to investigate and punish the conducting the two shares being lent to investment immigration applicants.

　　“一般新股上市大股东股票的禁售期最多不超过两年。”他说，将股票抵押在证券公司处的大股东不会7年都不动自己名下的股份，就算是150万港元的回报率，对于1000万港元7年期的投资而言也毫无吸引力。而且一旦这1000万港元的股票借出去后，7年的时间里，必须在香港政府的监管下，且不得将资金从账号中取出，只能账户内操作。一般证券公司把这些股票擅自借出去，都涉及“挪用客户资产”罪名。

"Big shareholders of general initial public offering shares a lock-up period is no more than two years."He said,Will share mortgage in the securities company's major shareholders will not 7 years are fixed by their name,It is hk $1.5 million return,For hk $10 million of seven-year investment is unattractive.And once the hk $10 million of shares in circulation,7 years,Must be under the supervision of the government of Hong Kong,And the money must not be removed from the account,Only the operating account.Securities company usually put the shares lent without authorization,involve"Misappropriation of client assets"charges.

　　香港证监会负责人告诉本报，不会对个别案件作出评论，但若证券公司“挪用客户资产”，则可能会受到香港证监会的惩罚。

Hong Kong's securities and futures commission officials told the newspaper,Will not comment on individual cases,But if the securities firm"Misappropriation of client assets",May be punished by the SFC.

　　“他们先把我的客户吸引进来，后来告诉我的客户，入境处否决了移民申请，建议该客户把钱投资到股市等金融产品中。因此，这的确是个幌子。”上述销售称，自己手上一位客户曾有接触这类“优惠投资移民”中介的经历。

"They put my customers come in,The customer told me later,Immigration vetoed the immigration application,Suggest the customer money to invest in the stock market, and other financial products.so,This is indeed a bluff."According to the sales,His hands a customer has this kind of contact"Preferential investment immigrant"The experience of the mediation.

　　“不建议使用中介移民”

"Do not recommend using a mediation of immigration"

　　“一般移民香港的内地居民需要先获得一个第三国国籍，如果包办第三国国籍，我们会向客户收取10万元的国籍办理费用和5万港元的服务费，总计15万元。”一家深圳移民顾问公司负责人向本报介绍道。她说，上述费用基本是一个市场价。

"General immigration Hong Kong mainland residents need to obtain a third country national first,If arranged a third country nationality,We will charge $100000 to the customer's nationality to handle fee and service fee of hk $50000,A total of 150000 yuan."Shenzhen immigration consultancy company director told the financial times said.She said,The above fee is basically a market price.

　　她续称，如果通过上述收取150万港元利息的做法，移民顾问公司一般会从中抽取30万-40万港元的佣金，而剩余110万至120万港元为上市公司的利息收入。

She said,If through the interest charge hk $1.5 million,Immigration consultants tend to extract 300000 - hk $400000 in commission,The remaining 1.1 million to hk $1.2 million for the interest income of listed companies.

　　“我们不建议希望投资移民到香港的申请者通过中介进行服务。”香港入境事务处一位负责人告诉本报，一方面，中介可能会曲解香港政府对这类移民政策的定义；另一方面，这个过程并不复杂，普通个人完全有能力独立完成整个申请，而香港入境事务处网站对这些规定有非常详细的陈述，有任何问题，都可向该机构工作人员询问。

"We do not recommend hope investment immigrant applicants through the intermediary service to Hong Kong."A head of the Hong Kong immigration department told this newspaper,On the one hand,Mediation may distort the Hong Kong government on the definition of this kind of immigration policy;On the other hand,This process is not complicated,Ordinary people completely have the ability to independently complete the entire application,But the Hong Kong immigration department website have very detailed presentation about the rules,If you have any question,Can ask the agency staff.

　　“不是1000万港元打入申请人的账户，他就能马上申请香港移民的。”他举例，《资本投资者入境计划规则》规定，申请人在提出申请前两年，必须拥有不少于1000万港元的净资产。香港入境事务处官员会严格按照上述《规则》审批香港投资移民申请者，只要其中一条不满足条件，该机构官员都会拒绝申请者的移民申请。

"Is not a hk $10 million into the account of applicant,He will be able to immediately apply for the Hong Kong immigration."For example, he,[The capital investment entrant scheme rules]provisions,The applicant before apply for two years,Must have no less than hk $10 million net worth.The Hong Kong immigration department officials will be in strict accordance with the above[The rules]Approval of the Hong Kong investment immigration applicants,As long as one does not meet the conditions,The agency officials would reject the applicant's immigration application.

　　上述法律顾问亦表示，相比较其它地区的移民计划，香港投资移民的特点是简单、透明、不确定性较低。相关介绍在入境事务处的网站上均可找到，且相当详细。在获得原则批准以前， 理论上讲申请人是无需来港的，材料的递交可以采取邮递形式。准备材料过程中遇到问题的， 可以信函、电邮咨询入境事务处。因此，正如入境事务处的负责人所说，申请者是完全可以自行申请，而无须通过中介安排的。

The legal adviser said,Compared to the rest of the migration plan,The characteristics of the Hong Kong investment immigrant is simple/transparent/Uncertainty is low.Related introduction can be found in the immigration department website,And fairly detailed.Before the approval principle, In theory, the applicant is no to Hong Kong,Material submit form can take delivery.Ready to encounter problems in the process of material, You can letter/Email consulting immigration department.so,As the head of the immigration department,Applicants are completely able to apply for,And do not need to pass intermediary to arrange.

　　香港入境事务处数据显示，截至2012年12月底，香港资本投资者入境计划申请的总人数为2.3万人次，已获正式批准的为1.46万人次，累计为香港带来总值1298亿港元投资。

The Hong Kong immigration department data showed,Up to the end of December 2012,Hong Kong capital investment entrant scheme for the total number of 23000 people,Has won approval for 14600,Cumulative gross bring Hong Kong hk $129.8 billion investment.