Fewer lock-up shares eligible for trade

0 Comment(s)Print E-mail Xinhua, November 5, 2017
Adjust font size:

Some 3.024 billion locked shares will become eligible for trading on the Shanghai and Shenzhen stock exchanges in the coming week, down from 3.993 billion shares unlocked this week.

The unlocked shares are worth about 52.09 billion yuan (7.8 billion U.S. dollars), according to information service provider Wind Info.

Locked shares from 39 listed companies will become tradable from Nov. 6 to 10, it said.

Shaanxi Heimao Coking Co., Ltd. is set to unlock 486 million shares, the largest from a single company next week.

Under China's market rules, major shareholders must wait one to two years before they are permitted to sell their shares.

Chinese stocks closed lower Friday with the benchmark Shanghai Composite Index falling 0.34 percent at 3,371.74 points, while the Shenzhen Component Index closed 0.68 percent lower at 11,215.19 points.

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter