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Can entrusted loan funds be used for land bidding deposit?
You can't. According to the Measures for the Administration of Working Capital Loans issued by the China Banking Regulatory Commission, the entrusted loan funds belong to trust funds, which cannot be used as a land bid bond and do not meet the requirements of land bidding. Security deposit refers to the money deposited by one or both parties in the other party or a third party to ensure the performance of the contract.