2. The target of M&A equity loans is enterprises, not individuals.

3. The so-called M&A loan refers to the local and foreign currency loans issued by commercial banks to M&A enterprises or holding subsidiaries of M&A companies to pay the consideration of M&A shares. It is a loan issued to meet the financing needs of domestic superior customers in the process of restructuring and restructuring, such as paid merger and acquisition of other domestic enterprises and institutions, completed projects and asset-debt restructuring. M&A loan is a special form of project loan. In the order of debt repayment, ordinary loans are the best, but if loans are used for equity acquisition, debt can usually only be repaid through equity dividends.