Auction markets frequently encounter cooling; the equity stakes in unlisted banks need to be revalued.

Recently, after multiple rounds of auctions with steep discounts, several large bank equity holdings still have attracted no buyers. A reporter saw on Alibaba’s judicial auction platform that multiple batches of equity in banks such as Guangdong Huaxing Bank—each worth more than 100 million yuan—have been listed again, but because they were repeatedly withdrawn for lack of bidders, they have ultimately entered the process for asset disposal. Faced with a lackluster market for auctions of equity in non-listed banks, some entrusted parties have tried to “run promotions” by luring buyers with low prices. For example, on Alibaba’s judicial auction platform, a batch of 100,000 shares of Beijing Rural Commercial Bank equity was listed, with the starting bid set at only 188 yuan; however, the bank’s latest net asset value corresponding to that equity is as high as 83.7 million yuan. (Securities Times)

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