The Limited Times

Now you can see non-English news...

Budget | This year's "beef jerky" fines close to 900 million, a new high, expected to break 1 billion next year

2021-02-24T12:19:40.188Z


The Financial Secretary, Chen Maobo, announced today (24) a new "Budget". In terms of "fines, forfeitures and penalties", the estimated revenue for the year 2020/22 is 1.79 billion yuan, of which the "fixed amount" commonly known as "beef jerky"


Social News

Written by: Kong Fanxu

2021-02-24 20:07

The last update date: 2021-02-24 20:10

The Financial Secretary Chen Maobo announced today (24) a new "Budget". In terms of "fines, forfeitures and penalties", the estimated revenue for the year 2020/22 is 1.79 billion yuan, of which the "fixed penalty" commonly known as "beef jerky" The budget for “System (Traffic Violations)” broke the record of previous years, reaching 1.024 billion yuan, an increase of 14% compared with the revision of this year (20/21). If calculated on the basis of a fixed penalty of 320 yuan for the “minimum consumption”, more than 3.1 million tickets would be copied To reach the standard.

Goldman Sachs (Asia) 2.7 billion fined by the China Securities Regulatory Commission

The revised budget for “fines, forfeitures and penalties” for 2020/21 is 4.68 billion yuan, which is 1.93 times more than the original budget of 1.58 billion yuan. The main increase in revenue comes from an order from the Securities and Futures Commission under the “court-determined fines and statutory penalties” The fines received were 3.25 billion yuan, and the budget for 2021/22 fell back to 450 million yuan.

The Securities Regulatory Commission ruled in October last year that Goldman Sachs (Asia) Co., Ltd. had made serious mistakes and deficiencies in management supervision, risk, compliance, and anti-money laundering monitoring. This led to 1Malaysia Development Berhad (1MDB) in 2012 and 2013. In the three bond offerings, US$2.6 billion of the US$6.5 billion raised was embezzled. The China Securities Regulatory Commission issued a condemnation and fine of US$350 million (equivalent to HK$2.71 billion).

The police cracked down on illegal parking and copying license plates.

(Profile picture)

It is estimated that 3.1 million "beef jerky" will be issued next year

As for the "fixed penalty system (traffic violations)" commonly known as "beef jerky", the budget for the 2021/22 degree is as high as 1.024 billion yuan. If the "minimum consumption" fixed penalty is 320 yuan, it will involve more than 3.1 million tickets.

From 2017/18 to 2020/21, related fines ranged from 607 million yuan to 898 million yuan, the highest this year.

Introduce mobile video and automatic license plate recognition system to catch parking violations

The police admitted earlier that due to the anti-amendment turmoil in 2019 and the reduction in enforcement actions against illegal parking, the fine for “beef jerky” fell to a new low of approximately 481 million yuan that year. As the social atmosphere eased in the month, the police clearly stated that they would deploy manpower Strengthen law enforcement actions.

In recent years, the police force has introduced "electronic beef jerky", "mobile video recording", and "automatic license plate recognition system" technology to enhance law enforcement.

According to the police's provisional figures, the police issued nearly 2.7 million "beef jerky" for illegal parking last year.

In the rest of the fixed penalty system, the budget for idling car engine fines has increased by up to 1.67 times, about 16,000 yuan; the budget for criminal proceedings is 246 million yuan, an expected increase of 14%.

▼Budget 2021 Benefits Measures Lazy Package▼

+4

+4

+4

01News

The Budget|One article to see clearly the application conditions, eligible citizens, and applicable merchants of consumer electronic vouchers

Budget | Hong Kong and Taiwan’s public affairs and general program funding drops sharply by 10%

Budget|Why don't you send money when you transfer consumer electronic vouchers?

Government News: Hope to stimulate consumption

The Budget|Spend about half a billion to improve 10 popular mountain trails, Phoenix Mountain and Lion Mountain both share

Budget 2021 Budget Police Department illegal parking

Source: hk1

All news articles on 2021-02-24

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.