Article 2 of the General Rules for Loans stipulates: "The lender mentioned in these General Rules refers to a Chinese-funded financial institution legally established in China to engage in loan business. The borrower mentioned in these General Rules refers to legal persons, other economic organizations, individual industrial and commercial households and natural persons who have obtained loans from Chinese-funded financial institutions engaged in loan business. The term "loan" as mentioned in these General Rules refers to the monetary funds provided by the lender to the borrower and repaid the principal and interest at the agreed interest rate and time limit. The loan currency in these General Rules includes RMB and foreign currency. " .
Article 61 of the General Principles of Loans stipulates: "Administrative departments at all levels, enterprises and institutions, cooperative economic organizations such as supply and marketing cooperatives, rural cooperative foundations and other foundations shall not engage in financial businesses such as deposits and loans. Enterprises shall not handle lending or disguised lending financing business in violation of state regulations. " .
Article 73 of the General Principles of Loans stipulates: "Administrative organs, enterprises and institutions, joint-stock cooperative economic organizations, supply and marketing cooperatives, rural cooperative foundations and other foundations issue loans without authorization; If an enterprise borrows without authorization or in disguised form, the People's Bank of China will impose a fine of 1 times and less than 5 times on the lender according to the illegal income, and the People's Bank of China will ban it. " According to the regulations, the lender shall be charged with interest, and at the same time, the lender shall be fined not less than L times but not more than 5 times of the charged interest, and the borrower shall be fined equivalent to the bank interest. "