The Interim Measures for the Administration of Financing Guarantee Companies stipulates that financing guarantee companies shall not provide financing guarantees for parent companies or subsidiaries.

The Interim Measures for the Administration of Financing Guarantee Companies stipulates that financing guarantee companies shall not provide financing guarantees for parent companies or subsidiaries. How to define it? Financing guarantee refers to the behavior that the guarantor agrees with creditors such as banking financial institutions that when the guarantor fails to perform the financing debts owed to the creditors, the guarantor shall bear the guarantee responsibilities stipulated in the contract according to law.

Financing guarantee business:

(1) loan guarantee.

(2) Bill acceptance guarantee.

(3) Trade financing guarantee.

(4) Project financing guarantee.

(5) letter of credit guarantee.

(6) Other financing guarantee businesses.

The law stipulates that a company may not provide financing guarantee for its parent company or subsidiary company, but it does not prohibit shareholders from providing financing guarantee. Corporate guarantee and shareholder guarantee are not the same thing at all. So the shareholder guarantee is ok, but the corporate shareholders guarantee must be approved by the shareholders in the place where the legal person is located.