Legal basis:
Article 225th of the Criminal Law of People's Republic of China (PRC) violates the provisions of the state and commits one of the following illegal business operations:
(a) without permission, dealing in franchise, monopoly goods or other commodities with restricted trading as stipulated by laws and administrative regulations;
(2) buying and selling import and export licenses, import and export certificates of origin and other business licenses or approval documents stipulated by laws and administrative regulations;
(three) without the approval of the relevant competent departments of the state, illegally engaged in securities, futures, insurance business or illegally engaged in fund settlement business;
(four) engaged in other illegal business activities, disrupting the market order, and the circumstances are serious.
Article 1 of the Opinions on Several Issues Concerning Handling Criminal Cases of Illegal Lending violates state regulations, without the approval of the regulatory authorities, or goes beyond the scope of business, and regularly issues loans to unspecified social objects for the purpose of making profits, disrupting the order of the financial market. If the circumstances are serious, he shall be convicted and punished for the crime of illegal business operation in accordance with the provisions of Item (4) of Article 225 of the Criminal Law.