The Ministry of Civil Affairs recently issued a reminder saying that recently, some illegal pension apps have carried out fraud in the name of “Minhuitong.” Lawbreakers falsified documents and impersonated workers of the Ministry of Civil Affairs, claiming that they can “issue old-age allowances”, etc., requiring payment of insurance benefits, security deposits, activation fees, etc., or induce recharge investments by “signing in to make money,” “high rebates,” and “encouraging people to recharge their investments,” and ultimately cannot be withdrawn. The Ministry of Civil Affairs warned that it has never set up or approved the establishment of projects such as “Minhuitong”, nor has it launched any similar products or related apps. The general public is requested to be vigilant, not to take information and false publicity from unknown sources lightly, and avoid being deceived. For users who have participated or are likely to suffer losses, it is recommended to report the case to the territorial public security department as soon as possible to avoid further damage; in case of any suspicious situation, please call 110 to call the police or 96110 immediately to inquire and report.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.