China’s National Audit Office delivered its yearly audit findings to the country’s legislature on Tuesday, setting out a series of concerns affecting both government spending and the operations of major financial institutions.
Auditor Hou Kai formally presented the report to lawmakers, and the National Audit Office subsequently made the document available on its website.
Among the specific issues disclosed, the report states that Bank of China Ltd. avoided 2.37 billion yuan in taxes over the period from 2023 to 2025. The audit also indicates that the bank improperly benefited from preferential policies intended for public mutual funds.
The Agricultural Bank of China Ltd. was cited for lending practices connected to farmland projects. From 2021 through 2025, the bank issued 11.1 billion yuan in loans to projects that the audit judged did not meet the required high-standard criteria. The audit further reports that portions of these loans were diverted to uses not authorized under the relevant lending rules, specifically including investments in wealth management products and repayment of debt.
The audit also identified governance and oversight shortcomings at China Everbright Group Ltd. The report says the group failed to maintain proper decision-making control over certain units and did not provide adequate supervision of some of its subsidiaries.
The audit text published online presents a set of confirmed findings without offering additional commentary or remediation plans in the public summary. Lawmakers received the report through the formal presentation by Hou Kai; the audit office has placed the full document on its website for reference.
These audit results outline concrete instances of tax irregularities, lending to projects that did not meet prescribed standards, misuse of loan proceeds for unauthorized purposes, and lapses in corporate oversight within the entities reviewed.
Readers should note that the published report records the outcomes described above but does not in the publicly posted summary elaborate further on subsequent actions or penalties that may follow from the audit findings.