No one bid, Hualong Securities' 74.52 million yuan equity auction goes cold.

Guangxi Yuanchen Investment Group Limited holds 23.96 million shares of Hualong Securities stock, which is officially up for auction on the Taobao judicial auction platform with a starting price as high as 74.5204 million yuan. As of the time of writing, the auction is ongoing, but there have been no bids so far. In June of this year, Hualong Securities just completed an equity auction worth 11.6232 million yuan. Since the beginning of this year, several small and medium-sized securities firms' equity auction events have attracted market attention, with industry insiders suggesting that cases of small and medium securities firms transferring their shareholdings may increase in the future.