The first and second paragraphs of Article 106 of China's Property Law stipulate the system of bona fide acquisition of ownership, and at the same time stipulate that the parties shall acquire other property rights in good faith with reference to the provisions of the preceding two paragraphs. Due to the lack of clear and detailed provisions in empirical law, there are many ambiguities and disputes about bona fide acquisition of security interests in theory and practice. This case involves the bona fide acquisition of chattel pledge and the scope of review obligation of bank-guaranteed loans, which is quite representative in financial litigation cases and also has guiding significance for risk control of financial institutions.

The Supreme People's Court believes that according to Article 2 12 of the Property Law: "The pledge is established when the pledger delivers the pledged property."

"the Supreme People's Court on the application of