Legal analysis: Equity financing refers to a financing method in which the shareholders of a company are willing to give up part of their ownership of the company and introduce new shareholders through capital increase of the company. Equity financing includes four methods: equity pledge financing; equity transaction value-added financing; equity capital increase and share expansion financing; and private equity financing.

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.