More lock-up shares to become tradable
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E-mail Xinhua, June 6, 2020
BEIJING, June 6 (Xinhua) -- Lock-up shares worth about 38.6 billion yuan (about 5.44 billion U.S. dollars) will become eligible for trade on China's bourses in the coming week.
The figure was nearly 272 percent higher week on week, according to data from financial information provider Wind.
From June 8 to 12, more than 4.92 billion shares from 91 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.
Chinese stocks closed higher on Friday, with the benchmark Shanghai Composite Index up 0.4 percent at 2,930.8 points and the Shenzhen Component Index closing 0.37 percent higher at 11,180.6 points. Enditem
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