Equity pledge has a time limit. The term of the stock pledge loan shall be determined by the borrower and the borrower through consultation, but the longest term shall be one year. The loan contract shall not be rescheduled after its expiration, and the new pledged loan shall be re-examined according to the provisions of these Measures. Equity pledge, also known as equity pledge, refers to the pledge established by the pledgee with his own equity as the pledge subject matter. Article 425 of the Civil Code: In order to guarantee the performance of the debt, if the debtor or a third party delivers its chattel output 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.