1. According to Chinese laws and regulations, enterprises are not allowed to borrow from each other. According to Article 61 of the General Rules for Loans, which came into effect in August of 1 and 1, "administrative departments at all levels, enterprises and institutions, cooperative economic organizations such as supply and marketing cooperatives, rural cooperative foundations and other foundations shall not engage in financial businesses such as deposits and loans. Enterprises shall not handle lending or disguised lending financing business in violation of state regulations. " Therefore, it is illegal for enterprises to borrow from each other. \x0d\2。 However, enterprises can achieve financing through the following legal channels: \x0d\( 1) Enterprises can achieve financing through entrusted loans: \x0d\ According to Article 1 of the Notice on Issues Concerning Entrusted Loan Business of Commercial Banks formulated by the People's Bank of China, entrusted loans refer to funds provided by customers such as government departments, enterprises, institutions and individuals. Commercial banks only charge fees when they start entrusted loan business, and shall not bear any form of loan risk. Therefore, enterprises can realize enterprise financing through entrusted loans. \x0d\(2) Enterprises can obtain financing by means of trust loans: \x0d\ According to the provisions of the Trust Law and the Notice of the People's Bank of China on Relevant Issues Concerning the Implementation of the Measures for the Administration of Trust and Investment Companies, an enterprise can obtain a loan from another enterprise as the principal by means of trust loans, thus realizing legal financing of enterprises. \x0d\(3) In practice, some enterprises also realize enterprise financing by changing the borrower, existing loans and loan repurchase. \x0d\ In short, no matter how an enterprise realizes financing, it must be established on the premise of not violating the provisions of national laws and regulations.