Seeing that Bank of China was investigated for tax evasion violations, and Beidahuang was required to pay back corporate income taxes evaded over the past five years.

It's highly likely that tax recovery and investigation from top to bottom will become the norm in the future. Why?

For example, Xi'an City's total land transfer revenue for the whole year of 2021 was 110 billion yuan. In the first five months of 2026, the land transfer revenue is 13 billion yuan, and it's estimated that the annual figure won't exceed 30 billion yuan. Land is definitely not selling well.

How to fill such a huge funding gap?

Tax collection is, of course, the fastest way to generate revenue, and it's continuous.