The influence of the migration tide of the rich

The migration of the rich group is actually the loss of domestic high-end talents and the transfer of wealth overseas.

The "mistakes and omissions" in the balance of payments published by SAFE every year are usually regarded as the data of capital inflow or outflow through informal channels. Experts used this as a reference to calculate the data of China's capital flight. However, the influx of hot money into China has increased, and this data can no longer reflect the actual situation of capital flight in China. Therefore, it is impossible to measure the amount of capital flight caused by these wealthy immigrants.

More and more social elites hold green cards, but they still run businesses or work in China. They want to protect themselves with their foreign identities. You can hardly make money abroad, and the annual return on investment is around 15%, which is already profiteering, but it is still low at home.

-Response plan

Analysts pointed out that it is the power and responsibility of the state to represent the will and interests of the people to curb the migration of wealth; But the key point is not to adopt any administrative means, but to standardize the economic management system and improve the application ability of international rules. While calling on business owners to inherit and carry forward the spirit of combining righteousness with interests and rejuvenating the country through industry, they should be controlled in the following three aspects:

Practice both inside and outside to dispel the speculative psychology of "original sin" in order to escape legal sanctions. The Constitution stipulates the state responsibility to protect citizens' legitimate property rights and interests, which is observed in China. The key point is to strengthen bilateral cooperation in combating economic crimes, prohibit citizens from transferring wealth to non-signatory countries and regions, and release the sources of citizens' property after auditing and capital verification. In particular, the domestic and foreign assets of officials and their relatives are subject to mandatory annual declaration and verification through international cooperation, and those who deliberately evade legal responsibility are severely punished.

Internal and external balance, dispel the commercial speculation psychology of curve arbitrage. It is necessary to correct the tax difference between domestic and foreign capital, cancel the super-national treatment of foreign-funded enterprises, and prevent speculative immigrants who evade taxes in disguise; Pay close attention to the formulation and implementation of inheritance tax collection methods, levy wealth transfer tax and gift tax on a certain amount of personal wealth transfer, and block tax evasion channels. In addition, we will resolutely crack down on arbitrage, tax avoidance and wealth transfer in the name of trade.

Treat both the symptoms and root causes, and enhance the ability to resist international forces hollowing out China. Resolutely follow the principle of reciprocity and refer to international practices to formulate industrial trade and investment restrictions and barriers; Clear the way for strategic investment in foreign resources, energy and finance. Make full use of its own resource advantages and control means to strive for the pricing power of international resource products. Relying on existing foreign reserves and production capacity, accelerate the internationalization of RMB. At the same time, strictly implement the minimum wage standard and the enterprise employment system to promote the transfer of wealth to low-income groups; Intensify anti-corruption, build a legal economy, intensify industrial upgrading, and strengthen the ability to control resources and capital industries.