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。
2
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。
3
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.