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.
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Audit Office Report Reveals Bank of China Evaded 2.4 Billion Yuan in Taxes Through Affiliated Channels
2026.06.23 · Official claim
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