US EditionShenzhen Stock Exchange's 50%-Off Auction of Trading Seats Failed to Attract Buyers, Nine Times of Auction Failure
Summary by 大纪元 Epoch Times
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Four trading seats of the Shenzhen Stock Exchange (SZSE) recently failed to be sold again on the Alibaba Assets platform. The starting price has been cut from the initial 600,000 yuan to 295,500 yuan. This is the ninth time that these seats have failed to be sold. This is not only a judicial auction case, but also a microcosm of the ecological changes in China's securities industry, and also exposes the current lack of market vitality.
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