According to the relevant provisions of China's criminal law, if the statutory maximum penalty is fixed-term imprisonment of not more than five years, prosecution will not be pursued after five years. If the statutory maximum penalty is fixed-term imprisonment of not less than five years but not more than ten years, prosecution will not be pursued after ten years.

The crime of defrauding loans, bill acceptance and financial bills refers to the act that a natural person or unit obtains loans, bill acceptance, letters of credit and guarantees from banks or other financial institutions by deception, causing heavy losses to banks or other financial institutions or other serious circumstances.