facebookThere is this investment scheme going on about investing into China, more specifically into Nanning? - Seedly

Advertisement

Anonymous

05 Feb 2020

General Investing

There is this investment scheme going on about investing into China, more specifically into Nanning?

Anyone been to their business networking talk? It sounds like a Ponzi scheme.

Discussion (12)

What are your thoughts?

Learn how to style your text

Hi, pls note that China is anti MLM, Pyramid or Ponzi Scheme. Nanning has been named as a Scam City due to it's past. Nonetheless, any criminal conduct has been arrested & convicted.

In today's context of Nanning, it's a progressive Tier 2 City to be Tier 1 and this City if you have REALLY visited, is a far more safe city, clean and green city, and livable city in whole of China, also for it's viability business landscape & property investments for foreign chinese.

So no way any form of Ponzi can be done there and no community there will be that silly to do so as security is so strict. Everyone that enters into Nanning has to register themselves with their Police.

Any more mention defaming Nanning is a scam city or ponzi scheme posts will be removed.

Hi, I've been to Nanning since this early year. Before I head up, I've also heard alot and all the forums saying the investment scheme is a Ponzi, but I went up with an open mind. I sit through to understand what the City Nanning wants to achieve by 2035. Nanning is the only strategic location City in China that will connect via land, sea & air to ASEAN. If you read all the news in Straits Times, China Daily, etc, the high speed train will connect from Nanning to Vietnam to Thailand to Malaysia and will stop in Singapore and is in construction now. The Sea connection will improve trading with the ASEAN countries. They are currently constructing a mega Airport T3 to be able to handle 60 million annual passengers. When the land & air are completed, there will be tremendous travellers flooding in to Nanning.

To my opinion, this is not even an investment but i find more like a China Economic Govt Policy. Yes, there are impersonation scams before that abused their system which did not go through the proper channel like via the bank.Those scammers are really Ponzi but have been reported and caught by the authorities.

Their main drive is to grow the population and grow the economy of Guangxi Nanning. Talent + Capital + Opportunity = Economic Growth.. Just recall how Singapore attracted the Indonesian Chinese to populate Orchard Road during the 1970s.. There must be a good reason for the Indonesian Chinese to come S'pore. If one can fully understand, the policy is design to be a WIN-WIN-WIN situation. The City wins with talent and capital in, the foreign talent that comes in with capital win and they are also rewarded for performing some functions, so they will spend in the city and bring business to the local Nanning citizens. These Nanning citizens wins as well.

For my own further verification, I even went to their 规划馆 (Urban Township Development) and the Guangxi Autonomous Region Museum, all the answers what the Goverment wants Guangxi Nanning to be by 2035 is all written there. My conclusion is this Nanning scheme is definitely not Ponzi, it's not an investment either (rather more of a government economic model) and it's not MLM and is definitely legit. Just stay vigilant not to fall for the fake scheme as scams are everywhere. Even in Shenzhen, there are many Temasek Holdings impersonator scams going around too.

Hey yes it is a Ponzi scheme. Check out reddit for some threads on this. It's still on-going. Not sure if there's a way to stop this.

I've heard of this and went through everything, including the numbers lesson, in which they shared how the wealth is created. And the funny thing was, the numbers actually added up. I brought my NTU Business School friend who then brought her Chartered Accountant husband, and the numbers checked out and it's a valid system. We also found books on this policy in the bookstores there. (If you can read Chinese, they say exactly the same thing as what the people there say).

Perhaps it might be prudent to sit through everything before making a decision? After 20 years of running businesses, I realise that very often we don't know what we don't know. And if we only see 10% and ignore the rest because we think we know, then we may turn out to be that blind man who hugged an elephant's leg and thought the elephant was like tree trunk, while the other blind man who touched the elephant's trunk thought that an elephant was like a snake.

That said it is not necessarily for everyone, so you may or may not like it. Just like stocks and shares are not for everyone:) some just don't enjoy it. So..before deciding, it's prudent to sit through the whole thing.

(I decided it was not for me at that point in time, but my friend and her husband decided to take part and they are doing well).

View 1 replies

Pon Zing...

Write your thoughts

Advertisement