Legal analysis: The exclusive right to use a trademark can be pledged.

legal basis: article 425 of the civil code of the people's Republic of China

guarantees the performance of debts, and if the debtor or a third party gives its movable property to the creditor for possession, if the debtor fails to perform the due debts or the parties agree to realize the pledge, the creditor has the right to be paid in priority for the movable property. The debtor or the third party specified in the preceding paragraph is the pledger, the creditor is the pledgee, and the delivered movable property is the pledged property.

article 427 to establish a pledge, the parties shall conclude a pledge contract in writing. A pledge contract generally includes the following clauses: (1) the type and amount of secured creditor's rights; (2) The time limit for the debtor to perform the debt; (3) The name and quantity of the pledged property; (4) the scope of the guarantee; (5) Time and method of delivery of pledged property.

article 434 if, during the duration of the pledge, the pledgee transfers the pledge without the consent of the pledger, thus causing damage or loss to the pledged property, it shall be liable for compensation.

article 44th 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 certificates of deposit; (3) Warehouse receipts and bills of lading; (4) Transferable fund shares and stock rights; (five) the transferable right to exclusive use of registered trademarks, patents, copyrights and other intellectual property rights; (6) Existing and future accounts receivable; (seven) other property rights that can be pledged according to laws and administrative regulations.