Chinese Policy Bank Fined 2 Trillion Yuan Over Loan Data Overstatement
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The Agricultural Development Bank of China (ADBC), one of the country’s three policy lenders, has been fined repeatedly by regulators for misreporting financial statistics, marking a rare instance of systemic enforcement over data quality within the state-owned banking sector, Caixin has learned.
Since September, more than 10 ADBC provincial-level branches have been penalized by local offices of the People’s Bank of China (PBOC) for violations of financial statistical management rules, according to official disclosures.
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- The Agricultural Development Bank of China was fined over 17 million yuan for misreporting agricultural loan statistics, with overstated loans by about 2 trillion yuan.
- More than 10 provincial branches faced penalties and warnings, following tighter statistical standards from the central bank.
- ADBC is restructuring internal data governance, including creating a new data management department, after regulatory scrutiny.
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Who’s Who
- Agricultural Development Bank of China
- The Agricultural Development Bank of China (ADBC) is one of China's three policy lenders. Regulators have repeatedly fined it for misreporting financial statistics, specifically overstating agriculture-related lending by approximately 2 trillion yuan. This issue stems from discrepancies in loan classification under tightened statistical standards. The ADBC is now restructuring its internal data governance.
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What Happened When
- Second half of 2025：
- PBOC inspections found that ADBC had overstated agriculture-related lending by roughly 2 trillion yuan.
- Third quarter of 2025：
- ADBC established a new data management department as part of restructuring its internal data governance.
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