Legal analysis: obtaining loans, bill acceptance, letters of credit, guarantees, etc. Obtaining funds from banks or other financial institutions by fraudulent means, causing heavy losses to banks or other financial institutions or other serious circumstances. Be sentenced to fixed-term imprisonment of not more than three years or criminal detention, and shall also or only be fined;

Whoever causes particularly heavy losses to banks or other financial institutions or has other particularly serious circumstances shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years and shall also be fined.

If a unit commits the crime mentioned in the preceding paragraph, it shall be fined, and the persons who are directly in charge and other persons who are directly responsible shall be punished in accordance with the provisions of the preceding paragraph.

Legal basis: the crime of defrauding loans, bill acceptance and financial bills stipulated in Article 175 of the Criminal Law of People's Republic of China (PRC).

Obtain loans, bill acceptance, letters of credit, guarantees, etc. Obtaining funds from banks or other financial institutions by fraudulent means, causing heavy losses to banks or other financial institutions or other serious circumstances.

Be sentenced to fixed-term imprisonment of not more than three years or criminal detention, and shall also or only be fined; Whoever causes particularly heavy losses to banks or other financial institutions or has other particularly serious circumstances shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years and shall also be fined.

If a unit commits the crime mentioned in the preceding paragraph, it shall be fined, and the persons who are directly in charge and other persons who are directly responsible shall be punished in accordance with the provisions of the preceding paragraph.