It is generally legal to be a loan intermediary. However, the intermediary institution should be a financial information intermediary company established in accordance with the law and specialized in lending information intermediary business activities. Lending information intermediaries provide information services to borrowers and lenders in accordance with the principles of legality, honesty, voluntariness and fairness, and safeguard their legitimate rights and interests.
Article 40 of the Law of People's Republic of China (PRC) Municipality on the Promotion of Small and Medium-sized Enterprises
The state encourages all kinds of social intermediary institutions to provide information consultation, investment and financing, loan guarantee, legal consultation and other services for small and medium-sized enterprises.