---
title: "The National Audit Office pointed out that Bank of China evaded taxes of 2.37 billion yuan, and Agricultural Bank's loan review was not strict"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290783734.md"
description: "The National Audit Office report indicates that the Bank of China evaded taxes amounting to approximately 2.37 billion yuan through the packaging of private equity funds; the Agricultural Bank of China issued loans of 11.066 billion yuan to non-high-standard farmland projects due to inadequate pre-loan reviews; and Everbright Group has poor control over some subsidiaries. The Audit Office pointed out that these three financial institutions have issues such as not leveraging their unique advantages and improperly profiting from preferential policies"
datetime: "2026-06-25T06:11:29.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290783734.md)
  - [en](https://longbridge.com/en/news/290783734.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290783734.md)
---

# The National Audit Office pointed out that Bank of China evaded taxes of 2.37 billion yuan, and Agricultural Bank's loan review was not strict

The National Audit Office released the "Audit Work Report on the Implementation of the Central Budget and Other Financial Revenues and Expenditures for 2025," stating that Bank of China (03988) is involved in tax evasion of approximately 2.37 billion yuan (RMB, the same below). Agricultural Bank of China (01288) and China Everbright Group Co., Ltd. were also named in the report for inadequate internal review and control work.

Mainland banks. AP Photo

The Audit Office presented the report at the National People's Congress Standing Committee meeting on June 23, stating that from April 2023 to August 2025, Bank of China arranged for two subordinate financial institutions to act as channels, by involving a large number of employees contributing amounts from 1 yuan to 100 yuan as "headcounts," packaging 11 private equity funds as public funds, and evading taxes of 2.367 billion yuan by utilizing the tax exemption policy for public funds.

The report also indicated that Agricultural Bank of China had inadequate pre-loan reviews from December 2021 to August 2025, violating regulations by issuing loans of 11.066 billion yuan to non-high-standard farmland projects, with some funds misappropriated for purchasing wealth management products and repaying debts.

As a financial holding company, China Everbright Group Co., Ltd. had not controlled decision-making rights over some wholly-owned subsidiaries and had inadequate control over some directly managed subsidiaries, with individual subsidiaries abusing the "Everbright" brand.

The Audit Office stated that it audited three financial enterprises: Agricultural Bank of China, China Everbright Group Co., Ltd., and Bank of China, and identified the main issues: first, not fully leveraging their unique advantages; second, improperly profiting from financial preferential policies

### Related Stocks

- [03988.HK](https://longbridge.com/en/quote/03988.HK.md)
- [BACHY.US](https://longbridge.com/en/quote/BACHY.US.md)
- [601988.CN](https://longbridge.com/en/quote/601988.CN.md)
- [601288.CN](https://longbridge.com/en/quote/601288.CN.md)
- [01288.HK](https://longbridge.com/en/quote/01288.HK.md)

## Related News & Research

- [SUNeVision unit signs HK$3 billion loan facilities with Bank of China (Hong Kong)](https://longbridge.com/en/news/290807407.md)
- [Heavyweights in Transition: Hong Kong's Financial and Property Sectors](https://longbridge.com/en/news/290670748.md)
- [SLC Agricola exercises preference right to buy Mato Grosso farmland block for R$ 1.85 billion](https://longbridge.com/en/news/290966516.md)
- [Cosan agrees to sell Mato Grosso farmland portfolio stake for R$ 1.85 billion](https://longbridge.com/en/news/290556563.md)
- [Singapore Airlines launches $221 million dim sum bond at 2.38% yield](https://longbridge.com/en/news/290553464.md)