Audit Office exposed financial institutions illegal loans to three high enterprises

Jahai April 29, the National Audit Office announced the results of the 2008 audit of the assets and liabilities of the three financial institutions, China Agricultural Development Bank, China Export Credit insurance company and Agricultural Bank of Agriculture.　　In the Audit Commission's announcement, the illegal lending to the "three-high" enterprises has become the audit of the three financial institutions illegal funds of the main flow.　　At the same time, some of the city financing platform loans of the Audit Commission also found that some of the funds were diverted by local governments to expand domestic investment projects supporting local capital or financial expenditure.　　Liu Xing, deputy director of the Financial Audit Division of the Audit Office, said that through the audit of three financial institutions such as the China Agricultural Development Bank, it found many illegal funds and internal control risks, including internal management of financial structure, as well as the problem of inadequate implementation of national policies and inadequate guidance.　　The violation of the "three-high" enterprises to issue loans or bank funds to the top of the local supporting sources of funding, not only to expand the risk of financial institutions, but also to make the national macro-control policy effect discount.　　　　Liu Xing suggested that policy-oriented financial institutions should give priority to financial policies such as the implementation of State policy loans, and commercial financial institutions should put prevention and control risks first, and be wary of the risks posed to financial institutions by the international financial crisis and changes in the domestic economic situation. Breaking the rules to the "three high" enterprises. Liu Xing said that from the audit results, three financial institutions operating capacity and risk prevention and control capacity than before a great improvement.　　However, the audit also found that three financial structures in varying degrees of implementation of the policy is insufficient and illegal operation, risk prevention and control problems.　　Taking Agricultural Bank of China as an example, the Audit Commission in 2009 to its head office and 11 branch branches were audited, the results found that the illegal issuance of various types of loans of 4.797 billion yuan, there are illegal operating problems of funds up to 10.553 billion yuan.　　According to the Audit Commission bulletin, the Agricultural Bank of Liaoning Chaoyang Lingyuan sub-branches from December 2008 to February 2009, to the local one included in the elimination of backward production capacity of the steel enterprises illegal issuance of liquidity loans 220 million yuan.　　Among the 9 branches of agricultural banks inspected by the Audit Commission, there are illegal loans to projects and enterprises that do not conform to industrial policy and loan policy, illegal opening of guarantee letters, granting of unearmarked loans and the inflow of credit funds into the stock market.　　Liu said that the illegal issue of loans continued to occur, but also to the development of grassroots branches, on the one hand, explained the internal control of financial institutions, on the other hand, also showed that the financial institutions in the lending and other internal assessment system under pressure, often playing "edge".　　A joint-stock Bank of a city branch of the big account manager told reporters, now commercial banks, especially the private joint-stock Bank of the grassroots institutions to assess the pressure is very large. The loan of local financing platform is diverted to the local financing platform, which is the key of financial institution audit in the 2009.　　At the same time, the Audit Commission also carried out 17 provinces of the debt capacity survey, starting from two aspects to check the local financing platform loans and use. Auditor-General of the Audit Office Jiayi this yearThe meeting said that banks should be concerned about the security and risk of financing platform loans.　　And from the audit of the assets and liabilities of the three financial institutions released by the Audit Office in 2008, there are many problems related to the loan or guarantee of the financing platform. Agricultural Bank of China 2008 annual balance of assets and liabilities of the audit results showed that the agricultural Bank of 23 billion yuan government financing platform loans, 2.5 billion yuan was diverted to do local expansion of domestic demand projects supporting funds, or to do the government's financial expenditure.　　Nearly 11% of the money was diverted.　　Li Wei, director of Beijing Grand Yue Consulting, said that local financing platform loans, often under the government's behest as the image of project construction and other funds, while the local financing platform to repay the loan is the main source of land sales, once the price of soil, bank lending to local financing platform companies will face the risk of loans In the past, banks have been flocking to financing platforms because of the general local finance guarantee for financing platforms.　　With the financial guarantee has been stopped, the place has launched a "bundle of loans" and other financing platform for the company to provide indirect, direct security measures.　　It is in the local government indirect or direct guarantee, the bank considers the local financing platform to represent the Government, to the local financing platform loan is particularly positive. According to the audit report, agricultural distribution in Heilongjiang, Hubei, Hunan and other branches in the name of agriculture-related loans illegal to urban roads, land consolidation and other non-agricultural areas and projects to issue loans 1.449 billion yuan.　　From February 2008 to September, the rural infrastructure construction loan of Wuhan Caidian District branch of Hubei province was 260 million yuan, which was used for provincial highway construction. In addition, some of the construction procedures are not complete, supporting capital is not in place in the building projects also through the local government investment and financing platform to be issued loans.　　If the agricultural issue of Henan Province Gongyi branch in 2008 in the relevant project examination and approval procedures are incomplete, to the local government financing platform issued River comprehensive project loans 607 million yuan, of which 170 million yuan was moved to return the bank loan principal and interest and payment of other projects and other project funds. Liu said that in the audit inspection also found that some government financing platform to take credit for fraudulent way.　　From 2007 to 2008, 5 Government financing platform enterprises used false contract and wig ticket to obtain 1.172 billion yuan loan from the agricultural issue Zhongqing branch. In 2010, the Audit Commission continued to conduct audits of local financing platform liabilities and loans. According to the reporter understands, has already had Sichuan and so on some provinces and cities to carry out this work, the Audit Commission will carry out in May comprehensively the city financing platform audit work.