Overall the impact is not significant, there is no direct, important impact. Equity pledges are a matter for shareholders and have nothing to do with the listed company. Who controls the shareholders' equity does not affect the listed company. But sometimes it is used by the market to make an article, because the shareholders' pledge indicates that the shareholders themselves will have some financial difficulties or problems, and then it will affect the image of the listed company, thus affecting the stock price.

Pledge of Stock Rights (Pledge of Stock Rights), also known as Equity Pledge, is a pledge that states that the pledgee owns the equity as the subject matter of the pledge.

According to the provisions of the legal system of most countries in the world, the pledge can be divided into movable assets and rights as the standard. Equity pledge belongs to a kind of right pledge. Because of the establishment of the equity pledge and the creditor to obtain the security right of the pledged equity for the equity pledge.

Baidu Encyclopedia_Pledge of Equity