Can the company lend personal money?

Legal analysis: companies can lend money to individuals. The Company Law of People's Republic of China (PRC) stipulates that directors and senior managers of a company shall not lend the company's funds to others in violation of the articles of association or without the consent of the shareholders' meeting or general meeting. Therefore, the company's funds can be lent to others if they meet the provisions of the company's articles of association or are approved by the shareholders' meeting or general meeting.

Legal basis: Provisions of the Supreme People's Court on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases Article 1 Private lending as mentioned in these Provisions refers to the financing behavior among natural persons, legal persons and unincorporated organizations.

These provisions shall not apply to financial institutions and their branches engaged in loan business established with the approval of the financial supervision department, as well as disputes arising from loans and other related financial businesses.

People's Republic of China (PRC) Civil Code

Article 667 A loan contract is a contract in which the borrower borrows money from the lender, repays the loan at maturity and pays interest.

Article 668 A loan contract shall be in written form, unless otherwise agreed between natural persons.

The contents of a loan contract generally include terms such as loan type, currency, purpose, amount, interest rate, term and repayment method.