Under normal circumstances, enterprises are not allowed to borrow from each other. According to the relevant provisions of China's "General Rules for Loans", the issuance and use of loans should comply with national laws and regulations. And without the approval of the relevant institutions, no one or unit may engage in financial business such as deposits and loans. That is, handling loans or disguised loan financing business.

legal ground

Article 3 of the general rules for loans

The issuance and use of loans shall comply with national laws, administrative regulations and administrative regulations issued by the People's Bank of China, and follow the principles of efficiency, safety and liquidity.

Article 61

Administrative departments at all levels, enterprises and institutions, supply and marketing cooperatives and other cooperative economic organizations, rural cooperative foundations and other foundations shall not engage in financial business such as deposits and loans. Enterprises shall not handle lending or disguised lending financing business in violation of state regulations.