Legal Problems of Property Right Transaction Ways of Mixed Ownership Enterprises.
First, legal norms lack guidance on the choice and application of transaction ways. The property right transaction ways of state-owned enterprises mainly based on the Interim Measures for the Administration of Property Right Transfer of State-owned Enterprises. Specifically, the main transaction ways include auction, ***bidding transfer***, negotiating transfer and other ways in legal provisions. It can be seen that property right transaction ways of state-owned enterprises mainly include negotiating transfer, auction and ****bidding transfer***. The three ways have been widely used in property right transactions of state-owned enterprises in China. However, whether they are applicable in property right transactions of the mixed ownership enterprises or whether other ways based on these transactions ways are more applicable has not been decided. There lacks guidance on who will choose transaction ways.
https://www.google.com/search?q="bidding transfer"&sca_esv=0...

https://www.google.com/search?q="auction assignment" real es...

'When a property doesn't sell at auction, the auction house will begin trying to tie up a "post-auction sale". Interested parties are invited to come forward with their best offer, and an auction representative will try and agree a sale with the seller. This doesn't always succeed though.' https://www.kettererkunst.com/dict/post-auction-sale.php

'If no one wants to bid the auction will be over pretty quickly! (Literally in under a minute). If there are no bids the auctioneer will gradually reduce the starting bid to try and draw some interest. If this doesn’t work, they’ll simply move on and mark the property as unsold. (The auction company will still continue working on the property when the event has finished. They’ll try to tie up a post-auction sale, but this may still be unsuccessful if there were no active bidders at all). https://www.homesellingexpert.co.uk/guides/how-long-do-aucti...