Equity pledge refers to the behavior of the debtor to pledge the equity to the pledgee, not to guarantee the loan and unable to perform the debt. According to relevant laws and regulations, transferable shares can only be pledged. Pledge registration established.
Legal objectivity:
Article 443rd of the Civil Code states that if a fund share or equity is pledged, the pledge right shall be established at the time of pledge registration. After the pledge, the fund share and equity shall not be transferred, except that the pledgor and the pledgee agree through consultation. The pledgor shall pay off the debts in advance to the pledgee or deposit the proceeds from the fund share and equity transfer. Article 434 During the pledge period, if the pledgee transfers the pledged property without the consent of the pledger, thus causing damage or loss of the pledged property, it shall be liable for compensation.