Many managers and vice presidents of Bohai Bank Nanjing Branch admitted in person that Wuxi Yuji He Shan Pharmaceutical Co., Ltd. and its related party Nanjing Hengsheng Pharmaceutical Co., Ltd. used the deposit of 2.8 billion yuan in the company's name to provide loan pledge guarantee for another company that had nothing to do with them without their knowledge.

Things are gradually becoming clear. Although there are still some details to be announced, I personally think that the case is unlikely to be triggered by arbitrage business, and entrusted loans or non-sunshine deposits have collapsed.

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While apologizing, Bohai Bank also proposed to allow banks to continue to use the 500 million yuan deposit of He Shan Pharmaceutical Co., Ltd. to provide certificates of deposit pledge for Huaye Petrochemical's loan to Bohai Bank.

However, this did not stop the oath from continuing. On August 20th, all three "Xinyi deposits" deposited by Hang Seng Pharmaceutical were pledged and could not be withdrawn.

What is even more "desperate" is that on August 25th, due to Huaye Petrochemical's failure to repay on the repayment date, Nanjing Branch of Bohai Bank forcibly deducted 450 million yuan from Hang Seng Pharmaceutical's deposit.