It provides only the assignability of the registered capital . it remains unclear whether the equity interests in the form of registered capital could be pledged , whether the equity interests could be acquired by way of pledge 规定了注册资本可以转让，那么注册资本所代表的股权是否可以质押，是否可以经由质押取得股权，也不清楚
2.
Non - assignability : neither party hereto shall , directly or indirectly , assign or purport to assign this agreement or any of its rights and obligations in whole or part to any third party without the prior written consent of the other party 不可转让：在没有书面通知对方的情况下，这里的双方都不可以直接或间接的，分派或声称协议的权利和义务全部或部分的转移到第三方。
3.
Non - assignability : neither party hereto shall , directly or indirectly , assign or purport to assign this agreement or any of its rights and obligations in whole or part to any third party without the prior written consent of the other party 不可转让：任一方未得到对方的书面同意，不可转让或意图转让本合约给第三方；无论直接或间接转让，全部或一部分的合约或其权利和义务，一概禁止。
4.
Then , how to define the right , obligation and liability of the trustor , trustee and trust beneficiary , which are all arising from the trust property , is discussed to demonstrate whether the separation of right due to the assignability of trust property and the rules to protect the trust property right based on the law of trust in china are in conformity to the principle of cost effectiveness , with some other problems involved 在此基础上，对信托财产权在委托人、受托人及受益人之间围绕信托财产所产生的一系列权利、义务和责任应如何界定，由信托财产可转让性产生的权利分离以及我国信托法关于信托财产权的保护规则是否符合效率原则等问题进行了论证。
