Legal basis: Article 193 of the Criminal Law of People's Republic of China (PRC) commits one of the following acts: defrauding banks or other financial institutions of loans for the purpose of illegal possession, and if the amount is relatively large, he shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan, or if there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than 10 years and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan.
(a) fabricating false reasons such as introducing funds and projects; (two) the use of false economic contracts; (3) Using false certification documents; (4) Taking false property rights certificates as collateral or repeatedly guaranteeing beyond the value of collateral; (5) obtaining loans by other means.