皮包公司 (pí bāo gōng sī) — shell company, fly-by-night operation (a company with no real assets or operations, often set up to defraud)
Definition
A 'shell company' — a business with no real assets or staff, often set up for fraud. 皮包 literally means 'leather bag' (the founder carries only a bag).
noun
shell companyfly-by-night operation (a company with no real assets or operations, often set up to defraud)
Examples
- ，皮包公司。Zhè jiā gōng sī méi yǒu yuán gōng yě méi yǒu bàn gōng shì, shì gè pí bāo gōng sī.This company has no employees and no office — it's a shell company.
- 皮包公司。Jǐng fāng zuì jìn chá fēng le yì pī pí bāo gōng sī.The police recently shut down a batch of shell companies.
- 皮包公司。Tā yīn wèi zhù cè pí bāo gōng sī piàn qián bèi pàn le xíng.He was sentenced to prison for registering a shell company to defraud people.
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