Can the money after financing be used?

The financing money cannot be used by itself, but it can be used reasonably by the company; Individuals who use fund-raising funds without authorization and fail to pay them back for more than three months, or engage in profit-making activities or illegal activities, constitute the crime of misappropriation of funds in the criminal law.

legal ground

Article 272 of the Criminal Law of People's Republic of China (PRC)

Employees of companies, enterprises or other units who, taking advantage of their positions, misappropriate the funds of their own units for personal use or lend them to others, and the amount is relatively large, which has not been paid back for more than three months, or, although it has not been more than three months, the amount is relatively large, and they engage in profit-making activities or engage in illegal activities, shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention; Whoever misappropriates the funds of his own unit in a huge amount, or fails to return the funds in a large amount, shall be sentenced to fixed-term imprisonment of not less than three years but not more than ten years.