Lock-up shares worth 125 bln yuan to become tradable in China
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E-mail Xinhua, July 2, 2023
BEIJING, July 2 (Xinhua) -- Lock-up shares worth around 125.13 billion yuan (about 17.32 billion U.S. dollars) will become eligible for trade on China's bourses next week.
From July 3 to July 7, about 24.37 billion shares will become tradable on the Shanghai and Shenzhen bourses, according to data from financial information provider Wind.
Under China's stock market rules, major shareholders must wait for one to two years before they are permitted to sell their shares.
The aggregate market value of these shares is calculated with their closing prices on June 30, the previous trading day.
Chinese stocks closed higher on Friday, with the benchmark Shanghai Composite Index up 0.62 percent to 3,202.06 points. The Shenzhen Component Index closed 1.02 percent higher at 11,026.59 points. Enditem
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