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The National Audit Office. Photo: VCG
‘Big Four’ state lender used employee pocket change to exploit mutual fund loopholes
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The National Audit Office. Photo: VCG

The bank channelled funds through affiliates and mass employee investors to pass off private funds as public, China’s top auditor…

While the central government is cracking down on tax evasion, provincial governments are scrambling for cash in ways that can be…

Bank of China evaded paying 2.4 billion yuan (US$352 million) in tax while Agricultural Bank of China illegally issued 11 billion…

Some regions artificially reduced balances by simply deleting records from the debt management system, the country’s top auditor…

State-backed lenders misapplied billions of yuan intended for innovative enterprises, highlighting a gap between Beijing’s…

A sweeping national audit revealed that dozens of local governments misappropriated $4.12 billion intended for rural…