中文简体 | 中文繁体 | Партнеры | 日本語 | 한글
your position :English > News > China  content
Lock-up period of shares worth 116.3 bln yuan to end
  • Creative USB flash drives
  • First sip of avocado
  • Dressing like One Direction!
  • World's largest strawberry hits new Guinness record
  • In pics: cute polar bear cubs
  • http://english.dbw.cn   2015-09-07 10:39:34
     

    Next week, China's stock market will see the lifting of lock-up restrictions on shares worth around 116.3 billion yuan (18.28 billion U.S. dollars), nearly double the amount unlocked this week.

    About 5.37 billion shares from 53 companies will become tradable on the Shanghai and Shenzhen bourses from Sept. 7, data from Southwest Securities showed.

    Under China's market rules, major shareholders of non-tradable stocks are subject to a one or two year lock-up period.

    Beijing Xinwei Telecom Technology Group Co. will see non-tradable shares worth around 53.07 billion yuan become tradable on the Shanghai Stock Exchange on Sept. 10, the largest amount to hit the market next week.

    The unlocked shares may help the volatile stock market, which has been on a roller-coaster ride over the past five trading days.

    Chinese shares extended losses on Wednesday, with the benchmark Shanghai Composite Index dipping 0.2 percent to end at 3,160.17 points.

    Author:    Source: xinhua     Editor: Yang Fan

    share: 0