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What is Tolstoy's equity pledge for?
Equity pledge, that is, investors set up a pledge with their own equity as the pledge target.

Tuoersi equity pledge is a pledge established by investors with their own equity as the pledge target, which can be divided into chattel pledge and right pledge according to the target. Equity pledge is a kind of right pledge that should be established to enable creditors to obtain the security interests of pledged equity, which is equity pledge.

Equity pledge refers to the pledge established by shareholders with their own equity as the pledge target. Article 443rd of the Civil Code stipulates 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.