However, the intermediary institution should be a financial information intermediary company established in accordance with the law and specializing in lending information intermediary business activities.

Lending information intermediaries shall follow the principles of legality, honesty, voluntariness and fairness, provide information services for both borrowers and lenders, safeguard the legitimate rights and interests of both borrowers and lenders, and shall not provide credit enhancement services, directly or indirectly raise funds or illegally raise funds, and shall not harm the national and social public interests. As long as its behavior violates the relevant contents of the Measures for the Administration of Intermediaries, the loan intermediary will still be punished as an illegal act.

Legal basis: People's Republic of China (PRC) Company Law.

Article 5 A company engaged in business activities must abide by laws, administrative regulations, social ethics and business ethics, be honest and trustworthy, accept the supervision of the government and the public, and assume social responsibilities.

Article 6 To establish a company, it shall apply to the company registration authority for registration of establishment according to law.

Those that meet the conditions for establishment as stipulated in this Law shall be registered as limited liability companies or joint stock limited companies respectively by the company registration authority; Those who do not meet the conditions for establishment as stipulated in this Law shall not be registered as a limited liability company or a joint stock limited company. Where laws and administrative regulations stipulate that the establishment of a company must be approved, the approval procedures shall be handled according to law before the company is registered.