The Guarantee Law stipulates that:

Article 8 State organs shall not act as guarantors, except those who use loans from foreign governments or international economic organizations for lending with the approval of the State Council. (This law only restricts state organs as guarantors, but does not prohibit state organs from being the main body of assets in pledge, mortgage, etc. )

Article 75 The following rights may be pledged:

1. Bills of exchange, checks, promissory notes, bonds, certificates of deposit, warehouse receipts and bills of lading; (As a pledge of rights, the ownership subject of the certificate of deposit has not been set)

Two. The Supreme People's Court's Interpretation on Several Issues Concerning the Application of the Guarantee Law of People's Republic of China (PRC): Article 3 If a state organ, institution or social organization provides a guarantee in violation of the law, the guarantee contract is invalid. Therefore, if losses are caused to creditors, it shall be handled in accordance with the provisions of the second paragraph of Article 5 of the Guarantee Law. (This Law means that if a state organ or other relevant unit illegally provides a guarantee, the guarantee contract is invalid. Therefore, to prove that the guarantee contract is invalid, which law should be pointed out)

Three. The Regulations on the Administration of Fixed-term Pledged Loans by Units issued by the China Banking Regulatory Commission does not impose restrictions on holders of certificates of deposit that can be used as collateral.