A-share protocol transfer boom hidden chain: private sale frequent dumb buying hidden "proxy holding" mystery

GoldenOctober2024

Jinshi data news on December 16th, recently, several important shareholders of listed companies have transferred relevant shares to private sale institutions through protocols. According to incomplete statistics by reporters, since the formal implementation of the “reduction of holdings new regulations” on May 24th, as of December 13th, in over half a year, 389 listed companies have disclosed plans or announcements of protocol transfers, with an average of more than 40 companies planning share transfers by shareholders every month from June to November. Some industry insiders believe that private sale funds can achieve investment appreciation and expand their own shareholding scale by dumb buying shares of listed companies through protocol transfers; some shareholders of listed companies have funding needs, and transferring shares to private sale funds through protocols also helps reduce the impact on the Secondary Market. However, it has been learned from market sources that some private sale institutions engage in “proxy holding” when dumb buying shares of listed companies, and the market needs to be vigilant.

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