Is Suzhou Youke Loan Agency legal?
Suzhou Youke loan institution is legal. From the relevant information, it is not illegal to be a loan intermediary, mainly according to the civil code and other legal forms to confirm that market entities have the right to use their own funds to borrow and make profits. Article 40 of the Law of People's Republic of China (PRC) on the Promotion of Small and Medium-sized Enterprises 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. In most cases, it is legal to be a loan intermediary.