According to Anbound Economic Daily, some banking experts pointed that Shanghai Pudong Development Bank's (PDB) annual non-performing loans (NPLs) has reached RMB 3.1 billions yuan. However, its financial statements revealed another problem—the newly added NPL throughout the 4Q is only RMB 520 millions yuan. It is commonly known that in the areas including Wenzhou and Ningbo city, the losses for PDB and Pingan Bank are the greatest. However, PDB's situation largely differs from the latter (22.98-0.12-0.52%) that disclosed much more NPLs. The banking insiders admitted that it is operational for banks to draw up false accounts on NPLs. Apart from removing the NPL record to next accounting year, they are also playing other tricks, such as directly re-granting their money to the relevant companies to smooth their capital chain, or let company B to borrow money to A which might involve NPL and then, B could receive the same amount of money from the banks. Some from the state banks said, "The risk on NPL false account is extremely high, but the operation is not complex, just because the involved parties are limited within smaller circle. If a client owed the bank with debts or interest, and the involved parties concealed it, others in the same bank could not even know the existence of the NPL, let alone the accounting agencies and the public."