Seventy-four years ago today, on February 4, 1951 (December 28, 1950 in the lunar calendar), the Central People's Government issued an instruction to confiscate the property of capitalists. Use slogans to express the determination to resolutely eliminate stubborn counter-revolutionaries. On February 4, 1951, the State Council issued the "Instructions on Confiscating the Property of War Criminals, Traitors, Bureaucratic Capitalists and Counter-revolutionaries." It stipulates that the shares and property of war criminals, traitors and bureaucratic capitalists in public and private enterprises and private enterprises shall be confiscated according to law; However, it must be reported to the people's government of the administrative region for examination and approval before it can be implemented. When the shares and property of ordinary bandits, spies, bullies and counter-revolutionaries other than those mentioned in the preceding article in enterprises are confiscated by the county (city) people's court, they shall be approved and executed by the provincial people's government.