As long as it is a platform allowed and recognized by the state, it is recognized. Among them, usury is not protected, but not illegal. There is no charge of usury in the criminal law, only the crime of illegally absorbing public deposits. However, those who violate the criminal law in the process of usury should be investigated for criminal responsibility according to law.
Baiqian Finance is a subsidiary of Shenzhen Baiqian Financial Services Co., Ltd., which was established in February 20 13. It is a financial service company headquartered in Shenzhen. Products cover consumer financial services, auto financial services and so on.
Business scope: entrusted by banks and financial institutions, Baiqian Finance is engaged in information technology and business process outsourcing services, including system application management and maintenance related to financial business, information technology support management, background services of banks and financial institutions, financial settlement, software development and data processing, and provides overdue account reminder services for banks and financial institutions; Business information consultation (excluding restricted items).
Legal basis:
People's Republic of China (PRC) Commercial Bank Law
Article 12 To establish a commercial bank, the following conditions shall be met:
(1) Having articles of association that conform to the provisions of this Law and the Company Law of People's Republic of China (PRC);
(2) It has a registered capital meeting the minimum amount stipulated in this Law;
(3) Having directors and senior managers with professional knowledge and business experience;
(4) Having a sound organizational structure and management system;
(5) Having a business place, safety precautions and other business-related facilities that meet the requirements. The establishment of commercial banks should also meet other prudential conditions.
People's Republic of China (PRC) Civil Code
Article 680 usury is prohibited, and the loan interest rate shall not violate the relevant provisions of the state. If there is no agreement on the payment of interest in the loan contract, it shall be deemed that there is no interest. If the loan contract does not specify the payment method of interest, and the parties cannot reach a supplementary agreement, the interest shall be determined according to the local or the parties' trading methods, trading habits, market interest rates and other factors; Loans between natural persons are regarded as interest-free.