An enterprise whose shares are pledged may go through the loan formalities according to law. After the registration of equity pledge, the right of shareholders to transfer equity is restricted and generally not transferable, except that the pledgor and the pledgee agree through consultation. However, after the enterprise's equity is pledged, eligible enterprises can apply for loans according to law.

Legal objectivity:

People's Republic of China (PRC) Civil Code

Article 425

In order to guarantee the performance of the debt, if the debtor or a third party transfers his chattel to the creditor for possession, if the debtor fails to perform the due debt or realize the pledge according to the agreement of the parties, the creditor has the right to be paid in priority for the chattel.

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.

People's Republic of China (PRC) Civil Code

Article 443

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 pledgor shall pay off the debts in advance to the pledgee or deposit the proceeds from the fund share and equity transfer.