More locked shares to become tradable this week
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E-mail Xinhua, March 24, 2019
Locked shares from 26 listed companies will become eligible for trade on the Shanghai and Shenzhen stock exchanges in the coming week.
Calculated with previous closing prices, the shares are worth 63.79 billion yuan (9.5 billion U.S. dollars), up 449 percent from the past week, according to financial information provider Wind Info.
The largest amount of unlocked shares this week will come on Monday, when shares from nine firms worth more than 28 billion yuan will become tradable, accounting for 44.75 percent of the total.
Guangzhou Yuexiu Financial Holdings Group and courier firm S.F. Holding Co. will both see unlocked shares of more than 17 billion yuan, data showed.
Under China's market rules, major shareholders must wait one to two years before they are permitted to sell shares.
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