Is it a financial fraud to borrow money to buy a house and a car for one year?

Not exactly. According to the inquiry of China Travel Service. Com, the crime of financial fraud needs to meet the following conditions: for the purpose of illegal possession; Using fictional facts or concealing the truth to defraud public or private property or the credit of financial institutions and undermine the order of financial management, so financial risk control for one year does not belong to financial fraud.