Legal analysis: Financing itself is not illegal, but improper financing behavior may cause illegal activities and crimes, such as illegal fund-raising, loan fraud, etc., which are illegal and criminal behaviors.

Legal basis: "Criminal Law of the People's Republic of China"

Article 192: For the purpose of illegal possession, using fraudulent methods to illegally raise funds, if the amount is relatively large , shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention and a fine of not less than 20,000 yuan but not more than 200,000 yuan; if the amount is huge or there are other serious circumstances, the sentence shall be not less than five years but not more than 10 years of fixed-term imprisonment and a fine of not less than 50,000 yuan but not more than 500,000 yuan. A fine of not more than 10,000 yuan; if the amount is particularly huge or there are other particularly serious circumstances, the offender shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan, or have property confiscated.

Article 193: Whoever commits one of the following circumstances and defrauds a bank or other financial institution of loans for the purpose of illegal possession, if the amount is relatively large, shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and A fine of not less than 20,000 yuan but not more than 200,000 yuan shall be imposed; if the amount is huge or there are other serious circumstances, the person shall be sentenced to fixed-term imprisonment of not less than five years but not more than 10 years, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan; if the amount is particularly huge or there are other serious circumstances If the circumstances are particularly serious, he shall be sentenced to fixed-term imprisonment of not less than ten years or life imprisonment, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan, or his property shall be confiscated:

(1) Making up false reasons for introducing funds, projects, etc. ;

(2) Using false economic contracts;

(3) Using false certification documents;

(4) Using false property rights certificates Making guarantees or repeatedly guaranteeing more than the value of the collateral; (5) Fraudulent loans through other methods.