2.49 bln lock-up shares eligible for trade this week
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E-mail Xinhua, November 12, 2018
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Some 2.49 billion lock-up shares will become eligible for trade on China's stock market this week.
Shares to be unlocked on the Shanghai and Shenzhen bourses during Nov. 12 to 16 will be worth 21.44 billion yuan (about US$3.09 billion), significantly down from last week.
HNA-Caissa Travel Group Co., Ltd. will see shares of nearly 4 billion yuan become tradable on Monday, the biggest to hit the market during the period.
Under China's market rules, major shareholders must wait for one to two years before they are permitted to sell their shares.
Chinese shares closed lower Friday, with the benchmark Shanghai Composite Index down 1.39 percent to 2,598.87 points.
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