China's stock market to see 5.28B shares freed for trading

0 Comment(s)Print E-mail Xinhua, March 21, 2020
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A total of 5.28 billion Lock-up shares will become eligible for trade on China's bourses next week.

The amount is up 112.85% week on week, according to data from financial information provider Wind.

Qingdao Rural Commercial bank will see 2.4 billion lock-up shares freed, while 355 million shares from Beijing Shuzhi.AI Co., Ltd. will be eligible for trading.

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

Major Chinese stock indices ended higher Friday, with the benchmark Shanghai Composite Index up 1.61%, at 2,745.62 points.

The Shenzhen Component Index closed 1.3% higher at 10,150.13 points.

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