Legal analysis: According to an insider of a state-owned bank, this kind of "bank deposit financing" actually belongs to "bank discount deposit", also called "deposit cashback", which means that depositors deposit money in the bank and the bank pays depositors a certain amount of cash in addition to the normal interest rate. However, the discount interest is forbidden by the People's Bank of China, and banks will never allow it. However, with the approaching of the important assessment time in loan-to-deposit ratio at the end of the year, some small and medium-sized banks have weak storage capacity and a large deposit gap. It is not excluded that these banks "buy" deposits privately at high interest rates. In addition, when some intermediaries see business opportunities, they will contact bank salesmen and subcontract these businesses regularly. After the customer deposits, the intermediary will return the commission to the customer. "This is usually a' private bill' taken over by the bank staff, and the bank itself may not know it.

Legal basis: Article 3 of the Law of People's Republic of China (PRC) Commercial Bank, a commercial bank may engage in some or all of the following businesses:

(1) Absorbing public deposits;

(2) Short-term, medium-term and long-term loans;

(3) Handling domestic and international settlement;

(4) Handling bill acceptance and discount;

(5) Issuing financial bonds.

(6) Acting as an agent to issue, honor and underwrite government bonds;

(7) buying and selling government bonds and financial bonds;

(eight) engaged in interbank lending;

(9) Acting as an agent for buying and selling foreign exchange;

(ten) engaged in bank card business;

(eleven) to provide letter of credit services and guarantees;

(12) Agency payment and insurance agency business;

(thirteen) to provide safe deposit box services;

(14) Other businesses approved by the State Council Banking Regulatory Authority.

The business scope shall be stipulated in the articles of association of the commercial bank and reported to the the State Council Banking Regulatory Authority for approval.

With the approval of the People's Bank of China, commercial banks can engage in foreign exchange settlement and sale business.