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 in any of the following circumstances, if the amount is relatively large, 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; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan; If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan or confiscated property:

(a) fabricating false reasons such as introducing funds and projects;

(two) the use of false proof of property rights as a guarantee or repeated guarantee beyond the value of collateral;

(three) the use of false economic contracts;

(four) using false documents;

(5) obtaining loans by other means.

The crime of financial fraud refers to the act of defrauding public or private property or the credit of financial institutions by fabricating facts or concealing the truth for the purpose of illegal possession, and undermining the order of financial management.