Legal analysis: Item 3 of this article is changed to Item 4, and the previous item is added as follows: "(3) illegally engaging in securities, futures or insurance business without the approval of the relevant competent department of the state;" See 1999 criminal law amendment. Relevant laws and regulations "the NPC Standing Committee's Decision on Punishing Crimes of Fraudulent Purchase of Foreign Exchange, Evasion of Foreign Exchange and Illegal Trading of Foreign Exchange" IV. VIII "Interpretation of the Supreme People's Court on Several Issues Concerning the Specific Application of Laws in the Trial of Cases of Fraudulent Purchase of Foreign Exchange" Articles 3-8, Article 1 1- 18: Interpretation of the Supreme People's Court on Several Issues Concerning the Specific Application of Laws in Handling Criminal Cases Disrupting the Management Order of the Telecommunication Market, Reply of the Supreme People's Court on How to Identify Serious MLM or pyramid selling in disguise, and Criminal Treatment of Illegal Salt in the Supreme People's Procuratorate.

Legal basis: Article 225 of the Criminal Law of People's Republic of China (PRC), in violation of state regulations, commits one of the following illegal business operations, disrupting market order, and if the circumstances are serious, shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also, or shall only, be fined not less than one time but not more than five times the illegal income; If the circumstances are especially serious, he shall be sentenced to fixed-term imprisonment of not less than five years, and shall also be fined not less than one time but not more than five times his illegal income or his property shall be confiscated: (1) dealing in franchise, monopoly goods or other commodities whose business is restricted by laws and administrative regulations without permission; (2) buying and selling import and export licenses, import and export certificates of origin and other business licenses or approval documents stipulated by laws and administrative regulations; (three) without the approval of the relevant competent departments of the state, illegally engaged in securities, futures, insurance business, or illegally engaged in fund payment and settlement business; (four) other illegal business activities that seriously disrupt the market order.