Lock-up shares worth over 53B yuan to become tradable

0 Comment(s)Print E-mail Xinhua, March 15, 2020
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Lock-up shares worth over 53.17 billion yuan (about 7.6 billion U.S. dollars) will become eligible for trade on China's bourses next week.

The amount is up 14.7 percent week on week, according to data from financial information provider Wind.

From March 16 to March 20, more than 2.48 billion shares from 31 listed companies will become tradable on the two stock exchanges in Shanghai and Shenzhen.

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

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