热门公司老股受追捧 中国S市场潜在空间扩大

Core Insights - The secondary market for private equity (S transactions) is experiencing increased activity due to the popularity of companies in sectors like humanoid robots and commercial aerospace, driven by the revival of IPOs for unprofitable enterprises [1] - Confidence among primary equity investors has been significantly boosted, leading to a surge in demand for shares of popular companies in the S transaction market [1] - The scale of S transactions in China is expected to reach new heights by 2025, with projections indicating a total of 867 transactions in the first three quarters of 2025, representing a year-on-year increase of 234% [1] - The total transaction volume in the Chinese private equity secondary market is projected to be approximately 92.3 billion yuan by 2025, reflecting a year-on-year growth of 182% [1]