Are new pensions, new immigrants and new finance pyramid schemes?

No, according to the enterprise's inquiry, the new finance for new and old immigrants is the business of Tianjin New Finance Investment Co., Ltd., which is registered in the Market Supervision Administration of China (Tianjin) Pilot Free Trade Zone and belongs to a formal company. All businesses are supervised by the market supervision administration, so the new finance of new and old immigrants is not pyramid schemes.