China's top auditor says major state banks have committed tax evasion or lending violations
- East Asia Bank of China evaded paying 2.4 billion yuan (US$352 million) in tax while Agricultural Bank of China illegally issued 11 billion yuan in loans to farmland projects, says China's top audit body.
- Bank of China evaded paying 2.4 billion yuan (US$352 million) in tax between April 2023 and August 2025, said China's national auditor.
- (File photo: Reuters/Maxim Shemetov) 26 Jun 2026 11:48AM BEIJING: Two of China's top state-owned banks, which are among the world's largest financial institutions, have evaded billions of yuan in tax and issued illegal loans, according to the country's top au
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- East Asia Bank of China evaded paying 2.4 billion yuan (US$352 million) in tax while Agricultural Bank of China illegally issued 11 billion yuan in loans to farmland projects, says China's top audit body.
- Bank of China evaded paying 2.4 billion yuan (US$352 million) in tax between April 2023 and August 2025, said China's national auditor.
- (File photo: Reuters/Maxim Shemetov) 26 Jun 2026 11:48AM BEIJING: Two of China's top state-owned banks, which are among the world's largest financial institutions, have evaded billions of yuan in tax and issued illegal loans, according to the country's top au
Sources: CNA