It is strictly prohibited to use discount funds for non-compliant purposes such as the real estate market, stock market, advance bank acceptance bills, etc., and to allow discount funds to return to the drawee (previous hand), etc. It is prohibited to use fictitious trade background to obtain bank credit funds. After the holder discounts the bill, he has full rights to use the funds. He can use the funds according to his own needs without being subject to any restrictions by the discounting bank and company. However, when borrowers use loans, they are subject to review, supervision and control by the lending bank, because the use of loan funds is directly related to whether the bank can recover the loan well.

Legal basis:

"Bank Supervision Law of the People's Republic of China and the People's Republic of China"

Article 46: Banking financial institutions have the following circumstances 1, the banking regulatory agency of the State Council shall order it to make corrections and impose a fine of not less than 200,000 yuan but not more than 500,000 yuan; if the circumstances are particularly serious or if corrections are made within the time limit, it may be ordered to suspend business for rectification or its business license shall be revoked; if it constitutes a crime , be investigated for criminal liability in accordance with the law:

(1) Appointing directors and senior managers without qualification review;

(2) Refuse or obstruct off-site supervision or on-site inspection;

(3) Providing statements, reports and other documents and materials that are false or concealing important facts;

(4) Failure to disclose information in accordance with regulations;

(6) Refusal to implement the measures stipulated in Article 37 of this Law.

"Measures for the Administration of Commercial Bill Acceptance, Discount and Rediscount"

Article 32 The People's Bank of China monitors the operation of commercial bill acceptance and discounting in accordance with the law, and conducts inspections on the bill market in accordance with the law. Macro management.

Article 33 The People's Bank of China, together with the China Banking and Insurance Regulatory Commission, shall supervise and manage the acceptance, discounting, risk control and information disclosure of commercial bills. The People's Bank of China supervises and manages rediscounting.

Article 34 Bill market infrastructure and financial institutions that handle commercial bill acceptance, discount, and rediscount business shall submit relevant business statistics to the People's Bank of China and the China Banking and Insurance Regulatory Commission in accordance with regulations and regulatory needs. data.

Article 35 If the acceptance limit or payment period of a commercial bill exceeds the regulations, the People's Bank of China and its branches, the China Banking and Insurance Regulatory Commission and its dispatched agencies shall issue a warning to the acceptor, and the China Banking and Insurance Regulatory Commission shall issue a warning to the acceptor. and their dispatched agencies shall be fined in accordance with the law.

Article 36 If the acceptor of a commercial bill fails to disclose information as required, or if the acceptor fails to pay the commercial bill in full and in a timely manner as required, financial institutions shall not handle bill business for it.

Article 37 If a financial institution handles commercial bill acceptance or discounting for drawers or holders who do not have a real transaction relationship, the China Banking and Insurance Regulatory Commission and its agencies shall suspend its bill business in accordance with the law. and other regulatory measures or impose administrative penalties; directly responsible directors, senior managers and other directly responsible personnel shall be held accountable in accordance with the law.

Article 38 If the drawer or holder of a commercial bill defrauds a financial institution of acceptance or discount through fraudulent means, they shall bear corresponding responsibilities in accordance with the law; if a crime is constituted, criminal liability shall be pursued in accordance with the law.

Article 39 Anyone who engages in bill discounting without legal permission or in violation of national financial management regulations shall be dealt with in accordance with the relevant provisions of the "Regulations on Preventing and Dealing with Illegal Fund-raising".