Penny stock delistings surge! 58 limit-ups in 59 days, soaring over 1000%

GateUser-bd883c58 · 2026-03-29T23:24:00+00:00

Recently, the Old Third Board has been affected by new regulations, with delisted stocks such as Bank of China 5 and Zhongcheng 5 experiencing significant surges, with increases exceeding 300% and 10 times. This is related to new policies such as the relaxation of the daily price fluctuation limit to 30% and the optimization of trading mechanisms. Although market enthusiasm is rising, experts remind investors to pay attention to risks and liquidity, and to avoid chasing gains.

GateUser-bd883c58

2026-03-29 23:24:00

Abstract generation in progress

Ask AI · How do new regulations catalyze a wave of comeback stocks from the old Third Board?

Reporter: Huang Min

Editor: Lin Yingping

Recently, the old Third Board has gone viral! Zhongyin 5 (formerly Zhongyin Rongye) skyrocketed 300% in three months, and Zhongcheng 5 is even more outrageous, hitting 58 price limits in 59 days, with a gain of over 10 times.

Zhongcheng 5 (400279) started on December 22, 2025, and until March 24, 2026, except for a pullback on February 2, 2026, all trading days were locked at the limit up. Some investors candidly stated, “It’s dazzling.”

With a staggering number of limit ups, the recently doubled comeback stocks include Zhongcheng 5, Zhongyin 5, Tianxiang 5, Guoci 5, Jinxinke 5, Haiyin 5, Tiantong 5, Suyangguang 5, Tianshou 5, Houwang 5, and Lanjing 5.

Why the sudden surge? According to the “Measures for the Transfer of Stocks of Two Networks and Delisted Companies (Revised December 2025)” announcement, the rules for the old Third Board market have undergone significant changes (the 5-series reform policies officially took effect on March 1, but the trading mechanism upgrade is being implemented in phases). For example, 5-series high-quality stocks (profitable, positive net assets) have switched to continuous bidding during trading hours, with the price fluctuation limit expanded from 5% to 30%, significantly enhancing liquidity. Additionally, since March, institutions can only sell and not buy, concentrating shares in the hands of retail investors and speculative funds, making it easier to push up the limits. Furthermore, this rule change also established pathways for transfer and relisting.

Although the old Third Board has gained momentum, market participants remind ordinary investors: the rules are complex, liquidity is insufficient, and risks are high; don’t be blinded by short-term surges. Investment should always prioritize risk prevention.

(Statement: The content of this article is for reference only and does not constitute investment advice. Investors act on this at their own risk.)

Produced by: 21 Finance Client 21st Century Business Herald

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes