Legal basis: Civil Code of People's Republic of China (PRC).
Article 143 A civil juristic act that meets the following conditions is valid: (1) The actor has corresponding capacity for civil conduct; (2) the meaning is true; (three) does not violate the mandatory provisions of laws and administrative regulations, and does not violate public order and good customs.
Article 683 A legal person organ may not be a guarantor, except that it provides loans for the use of loans from foreign governments or international economic organizations with the approval of the State Council. Non-profit legal persons and unincorporated organizations aiming at public welfare shall not be guarantors.