What is the total value of illegal loans issued by Agricultural Bank of China?

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Agricultural Bank of China Issued 11 Billion Yuan in Illegal Loans

The Agricultural Bank of China illegally issued 11 billion yuan in loans to farmland projects. These illicit transactions occurred between December 2021 and August 2025. Some of these funds were subsequently misappropriated for the purchase of wealth management products and to clear existing debts.
Illegal Loan Issuance

The National Audit Office's annual report identified that the Agricultural Bank of China engaged in the illegal issuance of 11 billion yuan in loans. These loans were specifically directed towards farmland projects. The period during which these illegal loans were issued spans from December 2021 to August 2025.
Misappropriation of Funds

Further details from the audit report indicate that a portion of the illegally issued funds was not utilised for their intended purpose. Specifically, some of these funds were diverted and misappropriated. These diversions included their use for purchasing wealth management products.
Debt Repayment

In addition to the purchase of wealth management products, the misappropriated funds were also used to repay existing debts. This indicates a circumvention of the intended purpose of loans designated for farmland projects. The audit report highlights these actions as part of the irregularities found.
Scope of Audit Findings

The Agricultural Bank of China is one of China's "big four" lenders. The findings regarding illegal loans are part of a broader audit report that also flagged tax evasion and management failings at other state-backed financial institutions. These include Bank of China and China Everbright Group.

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What is the total value of illegal loans issued by Agricultural Bank of China?

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