Legal analysis: the subjective aspect of this crime is intentional, the subject of the crime is natural persons and units, the object is to undermine the national financial management order, and the objective aspect is to cause great losses to banks or other financial institutions.

Legal basis: Article 175-1 of the Criminal Law of People's Republic of China (PRC) obtains loans, bill acceptances, letters of credit and guarantees from banks or other financial institutions by deception, thus causing heavy losses to banks or other financial institutions, and shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention, and shall also, or shall only, be fined; Whoever causes particularly heavy losses to banks or other financial institutions or has other particularly serious circumstances shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years and shall also be fined.