Pledged loan refers to the loan issued by the lender with the movable property or rights of the borrower or a third party as collateral according to the pledge method stipulated in the Guarantee Law. Pledges include treasury bonds (unless otherwise stipulated by the state), national key construction bonds, financial bonds, AAA corporate bonds, savings certificates and other securities. The pledgor shall deliver the title certificate to the lender. The pledge contract shall take effect from the date of delivery of the certificate of rights. If the personal savings deposit certificate is pledged, the identity certificate of the bank where the account is opened and the proof of stopping payment shall be provided. The movable property or right as pledge must comply with the relevant provisions of the Guarantee Law of People's Republic of China (PRC), and the pledger must enjoy the ownership or disposal right of the pledged property according to law, and make a written commitment to the bank to provide pledge guarantee for the borrower. Where securities such as bank drafts, bank acceptance bills, cheques, promissory notes, certificates of deposit and treasury bills are pledged, the maximum pledge rate shall not exceed 90%; Movable property, legally transferable shares (stocks), commercial acceptance bills, warehouse receipts, bills of lading, etc. Pledged, the pledge rate shall not exceed 70%; Where other movable property or rights are pledged, the pledge rate shall not exceed 50% at most. If pledge is adopted, the pledgor and the pledgee must sign a written pledge contract, which will be terminated when the borrower pays off all the principal and interest of the loan; Before the expiration of the pledge period, the lender shall not dispose of the pledged property without authorization. During the pledge period, if the pledge is damaged or lost, the lender shall bear the responsibility and be responsible for compensation.