1997 article 193 of the criminal law stipulates the crime of loan fraud: the crime of loan fraud refers to that the actor, for the purpose of illegal possession, makes the bank or other financial institution in a position opposite to his financial transaction fall into a misunderstanding or persistent misunderstanding, thus automatically delivering a large amount of loan to the actor or the third person designated by him, thus mainly infringing on the credit order, infringing on the ownership of public and private property, and violating the criminal law.
The Supreme People's Court 1996 12 16 issued the Interpretation on Several Issues Concerning the Specific Application of Laws in the Trial of Fraud Cases, which made specific provisions on how to deal with unit fraud, namely, "The person in charge directly responsible for the unit and other directly responsible personnel commit fraud in the name of the unit, and the proceeds from fraud are owned by the unit. If the amount is more than 50,000 but less than 100,000 yuan, the amount shall be 200,000 yuan.