The transfer of pledge right of fund share and equity pledge is restricted. According to the law, it is not transferable. Except that the pledgor and the pledgee agree through consultation. The proceeds from the transfer of fund shares and equity by the pledgor shall be paid off or deposited with the pledgee.

Legal basis:

Article 443rd of the Civil Code of People's Republic of China (PRC).

Where 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 proceeds from the transfer of fund shares and equity by the pledgor shall be paid off or deposited with the pledgee.