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Whether the agency shareholding agreement is legal.
Legal analysis: the equity holding agreement is legal. The actual investor of a limited liability company enters into a contract with a nominal investor, stipulating that the actual investor contributes capital and enjoys the rights and interests of capital contribution. If there is a dispute between the actual investor and the nominal shareholder on the validity of the contract and it cannot be declared invalid, the people's court shall consider the contract valid.

Equity holding, also known as entrusted shareholding, anonymous investment or false name investment, refers to a kind of equity or share disposal method in which the actual investor agrees with others to perform shareholders' rights and obligations on behalf of the actual investor in the name of the other person. The fact that actual investors and nominal investors hold shares or hold shares on their behalf is often determined only by a paper agreement. If there is still some ambiguity in the holding of equity, equity trust is a well-known concept and is applied by many trust and investment companies. The trustor transfers the company's equity held by the trustor to the trustee, or the trustor gives the funds legally owned by the trustor to the trustee, and the trustee invests the funds in the company in his own name according to the wishes of the trustor, and the proceeds obtained by the trustee holding the company's shares belong to the beneficiaries designated by the trustor.

Legal basis: Article 440th of the Civil Code of People's Republic of China (PRC). The following rights that the debtor or a third party has the right to dispose of may be pledged: (1) bills of exchange, promissory notes and checks; (2) Bonds and certificates of deposit. (3) Warehouse receipts and bills of lading; (4) Transferable fund shares and equity; (5) Transferable intellectual property rights such as the exclusive right to use a registered trademark, patent right and copyright; (6) Existing and future accounts receivable; (7) Other property rights that can be pledged according to laws and administrative regulations.