The financing company is legal, but it needs to meet the establishment conditions stipulated by law before it can be registered. The establishment of financing must meet the conditions for the establishment of a company as stipulated in the Company Law, and at the same time, it must be registered in the industrial and commercial registration department, have an industry qualification certificate issued by the state, and engage in business activities that meet the requirements of national laws.
legal ground
Article 3 of the Company Law of People's Republic of China (PRC) 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.