Legal basis: opinions on handling criminal cases of illegal lending 1. In violation of state regulations, without the approval of the regulatory authorities, or beyond the scope of business, for the purpose of making profits, and disrupting the order of the financial market, if the circumstances are serious, he shall be convicted and punished for the crime of illegal business operation in accordance with the provisions of Item (4) of Article 225 of the Criminal Law.
The term "regularly granting loans to unspecified social objects" as mentioned in the preceding paragraph refers to granting funds to unspecified people (including units and individuals) in the form of loans or other names for more than 10 times within two years.
If the repayment period is extended after the loan expires, the number of loan issuance shall be calculated as 1 time.