Legal analysis: It is illegal for developers to designate loan banks. The parties engaged in civil activities shall follow the principle of voluntariness and shall not be forced.

Legal basis: Civil Code of People's Republic of China (PRC).

Article 5 Civil subjects engaged in civil activities shall follow the principle of voluntariness and establish, change and terminate civil legal relations according to their own wishes.

Article 6 Civil subjects engaged in civil activities shall follow the principle of fairness and reasonably determine the rights and obligations of all parties.