Legal analysis: Yes. Ping An Bank is a commercial bank approved by China Banking and Insurance Regulatory Commission and supervised by the Securities and Futures Commission.

legal basis: article 21 of the general principles of loans. the lender must be approved by the people's bank of China to operate the loan business, hold the legal person license for financial institutions or the business license for financial institutions issued by the people's bank of China, and be approved and registered by the administrative department for industry and commerce.