Under normal circumstances, it is not illegal for shareholders to borrow money from their own companies. However, if the shareholders of the company concurrently serve as directors, supervisors and senior managers, they may not borrow money from the company directly or through subsidiaries. A loan contract is a contract in which the borrower borrows money from the lender, repays the loan at maturity and pays interest, and the legal loan relationship is protected by law.
Legal objectivity:
Company Law of the People's Republic of China
essay
The company is an enterprise legal person, with independent legal person property and legal person property rights. The company is liable for its debts with all its property. Shareholders of a limited liability company shall be liable to the company to the extent of their subscribed capital contribution;
Shareholders of a joint stock limited company shall be liable to the company to the extent of the shares subscribed by them.
People's Republic of China (PRC) Civil Code
Article 57
A legal person is an organization that has the capacity for civil rights and civil conduct, enjoys civil rights and undertakes civil obligations independently according to law.