On December 28th, bank equity has frequently appeared on auction platforms since the beginning of this year, with some banks’ small equity starting as low as 1 yuan for auction, attracting investors to watch. Industry insiders interviewed stated that the “1 yuan minimum auction” for bank equity is more of a gimmick to attract traffic and attention, rather than the actual transaction price. In addition, ordinary bidders are almost unable to successfully “pick up bargains” at extremely low prices. The final transaction price of a bank equity auction depends on the specific auction situation. Although there may be cases where a slightly lower price is used to “catch up”, the overall likelihood of a transaction at 1 yuan is extremely low. (Securities Daily)
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