Is it illegal for Ping An Bank to pretend to be an accountant?

Illegal. According to Article 193 of the Criminal Law of People's Republic of China (PRC), whoever defrauds a bank or other financial institution for the purpose of illegal possession shall be sentenced to fixed-term imprisonment of not more than five years, so the loan of Ping An Bank is pretending to be legal in accounting. Ping An Bank, full name Ping An Bank Co., Ltd., is a cross-regional joint-stock commercial bank controlled by China Ping An Insurance (Group) Co., Ltd..

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