Legal basis
The Criminal Law of the People's Republic of China
Article 225 Violation of state regulations, one of the following acts of illegal business operation, disrupting the market order, and the circumstances are serious, shall be sentenced to not more than five years' fixed-term imprisonment or detention, and shall be punished by or imposed with a fine not less than double and not more than five times of the unlawful income;. The circumstances are particularly serious, shall be sentenced to not less than five years of fixed-term imprisonment, and shall be sentenced to not less than double the illegal income of not less than five times the fine or confiscation of property:
(1) unauthorized operation of laws and administrative regulations of monopoly, monopoly goods or other restrictions on the sale of goods;
(2) the sale and purchase of import and export licenses, import and export certificates of origin, as well as other laws and administrative regulations of the business license or approval documents;
(2) trading in import and export licenses, import and export certificates of origin, as well as other laws and administrative regulations of business licenses or approval documents;
(c) without the approval of the relevant state authorities to illegally operate securities, futures, insurance business, or illegally engaged in funds payment and settlement business;
(d) other serious disruption of the market order of illegal business practices.