Electronic IOUs have legal effect. China's Electronic Signature Law clearly affirms that a qualified electronic signature has the same legal effect as a handwritten signature or seal, so as long as the relevant conditions are met, the electronic loan contract has the same legal effect as the paper version.

Legal objectivity:

Article 469 of the Civil Code of People's Republic of China (PRC) * * * The parties may conclude a contract in writing, orally or in other forms. Written form refers to contracts, letters, telegrams, telexes, faxes and other forms that can tangibly express the contents contained. A data message that can tangibly express its content through electronic data interchange, e-mail, etc. , and can be retrieved at any time, are considered in writing.