Definition
皮包公司 is a Chinese idiom that literally means 'leather-bag company' — a company that exists only on paper or in a briefcase, with no real assets, office, or operations. It describes a shell company or fly-by-night operation set up to defraud people or evade taxes. The term is culturally specific and carries a strong negative connotation of dishonesty and illegitimacy.
p.w.
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 gōngsī méiyǒu yuángōng yě méiyǒu bàngōngshì, shì ge pí bāo gōng sī.This company has no employees and no office — it's a shell company.
- 皮包公司。Jǐngfāng zuìjìn cháfēng le yì pī pí bāo gōng sī.The police recently shut down a batch of shell companies.
- 皮包公司。Tā yīnwèi zhùcè 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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