Lock-up shares worth over 320 bln yuan to become tradable in March

0 Comment(s)Print E-mail Xinhua, February 29, 2020
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Lock-up shares worth over 320 billion yuan (about 45.8 billion U.S. dollars) will become eligible for trade on China's bourses in March.

By the end of March, more than 130 stocks will become tradable on the two stock exchanges in Shanghai and Shenzhen, according to Securities Times.

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

Chinese stocks closed lower on Friday, with the benchmark Shanghai Composite Index down 3.71 percent at 2,880.30 points. The Shenzhen Component Index closed 4.80 percent lower at 10,980.78 points.

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