Xinhua, Beijing :
Lock-up shares worth 71 billion yuan (11.6 billion U.S. dollars) will become eligible for trade on China’s stock market next week.
A total of 3.35 billion shares from 39 companies will be tradable on the Shanghai and Shenzhen bourses from June 29 to July 3, down from 41.7 billion yuan shares unlocked this week, according to Southwest Securities.
Under China’s market rules, major shareholders of non-tradable stocks are subject to one or two years lock-up before they are permitted to trade.
Lock-up shares worth 71 billion yuan (11.6 billion U.S. dollars) will become eligible for trade on China’s stock market next week.
A total of 3.35 billion shares from 39 companies will be tradable on the Shanghai and Shenzhen bourses from June 29 to July 3, down from 41.7 billion yuan shares unlocked this week, according to Southwest Securities.
Under China’s market rules, major shareholders of non-tradable stocks are subject to one or two years lock-up before they are permitted to trade.
