Is pledge cancellation good or bad?

Legal analysis: it is a good thing to lift the pledge. Positive is also conducive to the development of the stock market. When listed companies are short of funds, they will pledge some shares to securities companies to obtain some funds. Therefore, to a certain extent, the pledge of company shares can show that the operating performance of listed companies has improved and their operating conditions can be improved. It is good news to have extra funds to redeem shares.

Legal basis: Article 9 of the Securities Law of People's Republic of China (PRC), the public offering of securities must meet the conditions stipulated by laws and administrative regulations, and be reported to the securities regulatory authority of the State Council or the department authorized by the State Council for registration according to law. Without legal registration, no unit or individual may publicly issue securities. The specific scope and implementation steps of the securities issuance registration system shall be stipulated by the State Council. In any of the following circumstances, it is a public offering: (1) issuing securities to unspecified objects; (2) More than 200 people have issued securities to specific objects, but the number of employees who have implemented the employee stock ownership plan according to law is not included; (3) Other issuance acts as stipulated by laws and administrative regulations. Non-public issuance of securities shall not be carried out by advertising, public persuasion or disguised publicity.