Popular company old stocks are sought after by China's S Fund third army rising.

Popular companies in the fields of humanoid robots, commercial aerospace, and other industries have transferred their old shares, creating a buzz in the S trading market. "The relisting of unprofitable companies has greatly boosted the confidence of primary equity investors, which has also spread to the S trading market, with a large number of shares of popular companies being sought after by the market, leading to increased trading activity." Chen Zihao, Vice President of Zhongbao Investment Co., Ltd., said at the Fourth Private Equity Fund Liquidity Summit held in Shanghai recently. Attendees predict that the size of China's S trading market is expected to reach a new high in 2025. According to previous data, in the first three quarters of 2025, there were 867 transactions in China's private equity secondary market, an increase of 234% year-on-year; the total transaction volume was approximately 92.3 billion yuan, an increase of 182% year-on-year.