State Auditing Administration's auditing on
Bank of
China head office, 7 provincial branches and about 150
subdivisions balance sheet 2000 showed that the bank's capacity to
earn profit and capital sufficiency rate have somewhat increased,
but problems basically remain in terms of poor performance of
property quality and high costs.
Li Jinhua, director of the Auditing Administration, addressed
the ongoing auditing conference that the main problems found
through auditing were providing loans against rules, operating
business without clear accounts and granting credit cards and bank
drafts in violation of regulations. Meanwhile, the administration
revealed 22 clues of criminal cases involving a sum of 270 million
yuan and 35 persons, who were already handed over to departments
concerned for investigation.
Li
said the administration also launched duty-related account audit of
leaders from 10 key enterprises, of which 8 has been preliminarily
audited, with 3.48 billion yuan(US$4209.66 million) suspected of
breaking the rules and regulations. The uncovered problems were
releasing false accounting information, violating rules to trade
stocks, evading taxes and so on.
Twenty-two criminal cases, involving 59.5 million yuan(US$7.20
million) and 61 persons, exposed by the audit were already
transferred to judicial bodies.
(
January 16, 2002)