Legal analysis: equity pledge, also known as equity pledge, refers to the pledge established by the pledgee with his own equity as the pledge subject matter. According to the guarantee legal system of most countries in the world, pledge can be divided into chattel pledge and right pledge according to its subject matter. Equity pledge is a kind of right pledge. Equity pledge refers to the creditor's security interest in the pledged equity due to the establishment of equity pledge.

Legal basis: Civil Code of People's Republic of China (PRC).

Article 429 The pledge is established when the pledger delivers the pledged property.

Article 430 The pledgee has the right to collect the fruits of the pledged property, except as otherwise agreed in the contract.

The fruits specified in the preceding paragraph shall be used as the expenses for collecting fruits first.