There are generally two reasons for the loan relationship between individuals and financial institutions, namely, fraud for the purpose of illegal possession and failure to repay on time due to objective reasons. If the actor has the purpose of illegal possession when applying for a loan, it is fraud to defraud the loan through fictional facts, and if the amount reaches the local standard of filing fraud, criminal responsibility shall be investigated according to law; If it does not constitute a crime, it shall be punished for public security.
If it cannot be fulfilled as scheduled due to objective reasons, the financial institution may bring a lawsuit to the people's court, and the actor shall bear civil liability for repayment according to law; If the debtor refuses to pay, it may be enforced by the people's court. The people's court has the right to seal up, freeze, transfer or change the price of the property of the person subjected to execution according to different circumstances.
Shenzhen Qian Bao Science and Technology Service Co., Ltd. (hereinafter referred to as Qian Bao) is the first batch of enterprises engaged in third-party payment in China, specializing in providing electronic payment services and payment solutions. Its main business is cross-border foreign exchange, Internet payment (credit card payment and overseas local payment) and bank card receipt, with a registered capital of 6,543.8 billion yuan.
Headquartered in Shenzhen, it has branches in Beijing, Shanghai, Guangzhou, Wuhan, Tianjin, Hangzhou, Nanjing, Jinan, Chongqing, Qingdao, Dalian, Ningbo and Xiamen. The company has more than 1000 employees. The service scope covers large and medium-sized cities in China, Hong Kong and Macao, Malaysia, the Philippines, Singapore and other countries in the Asia-Pacific region, as well as America, Europe and Africa.