Locked shares worth 39 bln USD to become tradable in January

0 Comment(s)Print E-mail Xinhua, January 2, 2019
Adjust font size:

BEIJING, Jan. 2 (Xinhua) -- Locked shares from around 200 listed companies will become eligible for trade on the Shanghai and Shenzhen stock exchanges in January.

Calculated with previous closing prices, the shares are worth more than 270 billion yuan (about 39 billion U.S. dollars), according to data service provider ChinaDataPay.

Six companies will see locked shares of more than 10 billion yuan made eligible for trade this month, including China CITIC Bank, Shenwan Hongyuan Securities and Bank of Chengdu.

On Wednesday, Focus Media Information Technology Co. saw shares worth more than 40 billion yuan unlocked.

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

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter