In contrast to a loan or bond, a share certificate contains no promises that its issuer may fail to keep.

相比贷款或债券，股票不包含任何可能违约的承诺。

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Article38the convertible bond and the certificate of bond conversion to stocks or shares converted in accordance with law shall be in the registered form.

第38条转换公司债及依规定请求换发之债券换股权利证书或股票，应一律为记名式。

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In pledging T-bond (Treasury bond) repurchase, the lack of pledge registration rules makes the function of the ready certificate of T-bond lost primarily.

质押式国债回购中质押登记规则的缺漏使国债现券的质押功能基本丧失。

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In pledging T-bond (Treasury bond) repurchase, the lack of pledge registration rules makes the function of the ready certificate of T-bond lost primarily.

质押式国债回购中质押登记规则的缺漏使国债现券的质押功能基本丧失。

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