The US Treasury Department sanctioned Turkey's Golden Global Bank and its subsidiaries, accusing them of providing money laundering and correspondent banking services for oil trade between the Iranian Revolutionary Guard and the Chinese Communist Party, cutting off Iran's financial lifeline in Turkey.
The glass curtain wall on the 83rd floor of CITIC Tower in Beijing was breached, causing a fire. Rumors online suggest the aircraft involved may have turned off its transponder and deviated from its course. Building employees were urgently evacuated, and related news was heavily scrubbed on social media.
When the Chinese Communist Party leader Xi Jinping inspected Xiyujia Village, Lingcheng District, Dezhou City, Shandong Province, security at the scene was extremely tight. Villagers were required to raise their hands above their heads to applaud and were not allowed to carry mobile phones.
The National Audit Office of China released an audit work report revealing that between 2023 and 2025, the Bank of China used employee capital contributions to "make up numbers" and packaged private equity funds as public funds, evading a cumulative 2.367 billion yuan in taxes.
In the Dijingwan community in Qingyuan, Guangdong, residents dismissed the old property management company due to long-term inaction. The former management refused to leave and blocked the new property company from entering, triggering a conflict that left one person injured. Police arrived at the scene to calm the situation.
An audit report revealed that Bank of China used methods such as gathering people through employees to package private equity funds as public funds, evading approximately 2.367 billion yuan in taxes over a period of more than two years.
An audit disclosure shows that financial institutions formed approximately 1.41 trillion yuan in inflated loan scales through methods such as idle fund circulation, false profit concessions, and relaxed risk controls.
An audit report states that tax and customs authorities overcharged or pre-collected corporate income tax and value-added tax from 1,954 enterprises, totaling 40.427 billion RMB.
An audit report revealed that 21 provinces and cities artificially inflated fiscal revenue by 59.651 billion yuan through methods such as pre-spending and subsequently recalling treasury funds.
Audits explicitly named ICBC, CCB, Bank of Communications, CITIC, and other banks for tech-finance that fails to live up to its name, stating that 126 provincial branches retroactively labeled 64.22 billion yuan in loans as tech loans after the fact.
An audit report revealed that relevant financial institutions illegally covered up or disposed of 63.943 billion yuan in non-performing assets, and illegally conducted credit business totaling 67.6 billion yuan.
An audit pointed out that the Agricultural Bank of China issued 11.066 billion RMB in loans to projects not belonging to high-standard farmland, and some funds were diverted to purchase wealth management products and bonds.
In the first 5 months of 2026, 475 banks received a total of 2,744 fines, amounting to 870 million yuan, a year-on-year increase of 27%; among them, fines for data reporting and governance violations increased significantly.
Since May 2025, audits have uncovered over 260 major disciplinary and legal violations, involving more than 1,100 people and approximately 91 billion RMB in funds.
In 2025, the net interest margin of China's commercial banks dropped to 1.4%, with the Bank of China at 1.26%, and net interest income experienced negative growth for two consecutive years.