According to the 2008 Audit Result Announcement No. 1 issued by the National Audit Office the day before yesterday, Bank of China, Bank of Communications and China Merchants Bank conducted in-depth verification of the problems discovered in the audit and assigned responsibilities to 163 responsible persons. Administrative processing has been carried out, and the three banks have adjusted their accounts for the accounting miscalculation of 900 million yuan; for the private "small treasury" of 329 million yuan, the relevant banks have included it in the statutory accounting books.
When Li Jinhua, Auditor General of the National Audit Office, reported to the Standing Committee of the National People’s Congress on the audit of the 2006 central budget and other fiscal revenue and expenditures on June 27 last year, he said that when auditing the assets, liabilities, profits and losses of three joint-stock banks, , 900 million yuan of accounting inaccuracies were found, and 329 million yuan of "small treasury" was set up privately.
The announcement titled "Correction Results of Problems Found in the 2006 Central Budget Execution and Other Fiscal Revenue and Expenditure Audits" shows that the Bank of China and the Bank of Communications have stopped illegally providing loans to real estate companies that do not meet the loan conditions. The practice of issuing loans and collecting 615 million yuan of illegal loans. Three banks have strictly enforced land reserve loan access requirements in accordance with regulations. The Bank of Communications has strengthened the compliance review of land reserve loan projects. The Bank of China and China Merchants Bank have cleared projects that do not meet the conditions for land reserve loans such as not providing mortgages. 1.122 billion yuan of loans have been recovered.
Bank of China and Bank of Communications have strengthened mortgage loan management from three levels: institutional arrangements, loan "three inspections" (pre-loan investigation, loan review, post-loan inspection) and inspection and supervision to prevent false mortgages and are taking legal measures to actively collect false mortgage loans that have been issued. In response to the problem of credit funds or other funds that cannot be used for lending being illegally invested in the real estate market, Bank of Communications and China Merchants Bank have improved relevant systems, implemented a head office filing system for large-amount entrusted loans handled by branches, and clarified the principal qualifications of the client and the loan funds. For entrusted loans whose nature was not clearly defined, the full amount of 250 million yuan of illegal entrusted loans found in the audit was recovered. Regarding the issue of Shanghai State-owned Assets Management Co., Ltd. obtaining a working capital loan of 290 million yuan with an annual interest rate of 5.022% from the Shanghai Jing'an Temple Branch of China Merchants Bank and on-lending it to the real estate company in the form of an entrusted loan at an annual interest rate of 8%, China Merchants Bank has recovered all the above loans.
Regarding the irregularities in the settlement business. The three banks have carried out regulatory education and training, requiring all branches to strictly abide by the "RMB Settlement Account Management Measures" and the Anti-Money Laundering Law and other laws and regulations, strengthen monitoring of account capital flows, and enhance risk awareness.
According to the 2005 asset, liability, profit and loss audit results of Bank of China, Bank of Communications, and China Merchants Bank announced by the National Audit Office on July 20 last year, Bank of China, Bank of Communications, and China Merchants Bank issued loans in violation of regulations totaling 9.356 billion in 2005. Yuan.