Generally speaking, the financing cost of equity pledge is relatively low. In principle, the total financing cost shall not be less than 9.5% for 12 months and 1 1% for 18 months, and shall be adjusted according to the market situation and equity situation. The loan interest rate is generally not higher than the average interest rate of the same type of loans in the same period.

Legal objectivity:

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.