ShanghaiCustomstrackdown2,300smuggledcommemorativecoins-PeoplesDailyOnline

Friday, Dec. 4, 2015SearchArchiveEnglishChineseJapaneseFrenchSpanishRussianArabicKoreaGermanPortugueseHomeOpinionsBusinessMilitaryWorldSocietyCultureTravelScienceSportsSpecial CoveragePhotoVideoEnglishShanghai Customs track down 2,300 smuggled commemorative coinsBy Yao Xinyu (Peoples Daily Online)    15:32, December 03, 2015Email|Printvar jiathis_config={title:"Shanghai Customs track down 2,300 smuggled commemorative coins",summary:" ",}Commemorative coins Chen smuggled. (Visual China Group/Cai Yanhong)In the beginning of 2015, the Shanghai Customs Anti-Smuggling Bureau discovered a number of coins in the domestic market that been previously issued and listed in overseas markets. After an investigation, police named a man surnamed Chen as their suspect.On May 15, 2015, the Shanghai Customs Anti-Smuggling Bureau placed this case on file and officially started an investigation. On July 6, Chen flew to Shanghai from Hong Kong without making any customs declarations. Customs officers searched his bags and found 2,116 gold coins and 216 silver coins. Some of the commemorative coins were very limited editions.The investigation revealed that Chen had been in the commemorative coin business for a long time. He was the owner of a coin company. From 2013 to 2015, Chen had purchased great numbers of overseas commemorative coins and smuggled them into Chinese mainland. One of the coins that he smuggled was a gold coin only issued in 2013, year of the snake, which weighed 10 kilograms and was worth 78,000 US dollars (about 5 million yuan). There are just 18 coins of this edition in the world, and the coin could sell for 6 million yuan in the Chinese market.According to the law, commemorative coins issued overseas have to go through imported goods customs procedures in order to reenter the domestic market. Chen has been arrested for smuggling. 
【1】【2】【3】【4】(For the latest China news, Please follow Peoples Daily on Twitter and Facebook)
(Editor:Yao Xinyu,Liang Jun)Add your comment/* * * CONFIGURATION VARIABLES: EDIT BEFORE PASTING INTO YOUR WEBPAGE * * */var shortname=window.location.host;var disqus_shortname=;var disqus_identifier=;if (shortname==en.people.cn){disqus_shortname=enpeople;disqus_identifier = 8985423;}/* * * DONT EDIT BELOW THIS LINE * * */(function() {var dsq = document.createElement(script); dsq.type = text/javascript; dsq.async = true;dsq.src = // + disqus_shortname + .disqus.com/embed.js;(document.getElementsByTagName(head)[0] || document.getElementsByTagName(body)[0]).appendChild(dsq);})();Please enable JavaScript to view the comments powered by Disqus.Most ViewedDay|Week1Xi in South Africa to strengthen bilateral ties, boost Chin…2China’s First Home-grown Cruise Liner to be Delivered in Fi…351 Chinese doctors sacrifice their lives for Africa in half…4College students sentenced to 10.5 years for catching 16 bi…5Bank of China weighs legal options against US court ruling1China speed amazes world2New balls please! Polish sports stars strip off for risqué …3Man Turns Beijing Smog into Building Bricks4People practice Taichi in N Chinas Inner Mongolia5A glance at life of Ukrainian models working in Chongqing110 tons of copper coins unearthed in 2,000 years old ancien…2Photos of U.S. Navy intruding in South China Sea released: …3Cats who immediately regretted their life choices in photog…4J-10B fighters with homegrown engine in test flight 5Beautiful graduate from police college becomes Internet hitHot NewsFirst China-developed large passenger jet C919 rolls offline
OP-ED: U.S. Court Goes Way too Far to Get Respect on Case of BoC
Gay sex blamed for rise in young students with HIV/AIDS
China speed amazes world
Canadian Miss World contestant misguided by her valuesWe RecommendWhat We Need is Clean Air, Not the Head of Beijing Mayor
IMF Agrees to Include China’s RMB in SDR Basket
China becomes Japan’s Greatest Source of Foreign Tourists
Man Turns Beijing Smog into Building Bricks
Beijing Endures the Worst Smog of the YearPhotosSpectacular aerial photos of the Three Gorges
New balls please! Polish sports stars strip off for risqué calendar
A glance at life of Ukrainian models working in Chongqing
Contestants of Mrs. Globe pose for photo in ShenzhenBikini models attend hot pot banquet in Hefei
118-meter-high Never-used Building in NW. China Demolished
J-10B fighters with homegrown engine in test flight
10 tons of copper coins unearthed in 2,000 years old ancient tomb
Beautiful graduate from police college becomes Internet hit
Photos of U.S. Navy intruding in South China Sea releasedRelated readingGigantic Mickey Mouse celebrates the arrival of Shanghai Disneyland Park Park visits Shanghai site of Koreas exiled provisional governmentFor expats, Shanghai tops list for desirability againStampede tragedy shows public strains on booming metropolisesLinks:Beijing TodayCRI EnglishSINA EnglishGlobal TimesChinadaily.com.cn Taiwan.cn Ecns.cn Show ChinaChina Human RightsChina XinjiangTibet OnlineCCTV Beijing Review GMW.cnChina Economic Net
China Tibet Online
Qiushi JournalWomen of China.link_content{overflow:hidden;}
About Peoples Daily Online| Contact UsCopyright by Peoples Daily Online, All Rights Reserved

Leave a Reply

Your email address will not be published. Required fields are marked *

19 − two =