1. The contract for obtaining loans from financial institutions for lending is invalid;

2. The loan contract for funds obtained by illegally absorbing public deposits is invalid;

3. A contract that violates public order and good customs is invalid;

4. Other invalid circumstances stipulated by law.

legal ground

Article 146 of the Civil Code of People's Republic of China (PRC)

A civil juristic act in which the actor and the counterpart have false meanings is invalid.

The validity of a concealed civil juristic act with false intention shall be handled in accordance with relevant laws and regulations.

Article 153

A civil juristic act that violates the mandatory provisions of laws and administrative regulations is invalid. However, unless mandatory provisions do not invalidate civil legal acts.

A civil legal act that violates public order and good customs is invalid.

Article 154

A civil legal act in which the actor and the counterpart collude maliciously and harm the legitimate rights and interests of others is invalid.