Legal analysis: Stocks can be pledged. The stock pledge ratio is agreed upon by the lender and the borrower based on the quality of the pledged stocks and the borrower's financial and credit status, but the maximum stock pledge ratio cannot exceed 60. Adjustments to the upper limit of the pledge rate are decided by the People's Bank of China and the China Banking Regulatory Commission.
Legal basis: "The People's Republic of China and the Civil Code" Article 440 The following rights that the debtor or a third party has the right to dispose of may be pledged: (1) Bills of exchange, promissory notes, and checks ; (2) Bonds and deposit certificates; (3) Warehouse receipts and bills of lading; (4) Transferable fund shares and equity; (5) Transferable property rights in intellectual property rights such as registered trademark rights, patent rights, copyrights, etc.; (6) Existing and future accounts receivable; (7) Other property rights that can be pledged according to laws and administrative regulations.