Without the approval of the relevant competent departments of the state, it is illegal to engage in securities, futures and insurance business, or illegally pay settlement funds. China's criminal law stipulates that any act that endangers national sovereignty, territorial integrity and security, splits the country, subverts the people's democratic dictatorship and overturns the socialist system, disrupts social and economic order, infringes on state-owned property or property collectively owned by working people, infringes on citizens' personal rights, democratic rights and other rights, and other acts that endanger society are crimes, but the circumstances are obviously minor and the harm is not great.