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More lock-up shares eligible for trade
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  • //english.dbw.cn  2018-05-14 16:50:34
     

    Lock-up shares worth about 114 billion yuan (about 18 billion U.S. dollars) will become eligible for trading on the Shanghai and Shenzhen stock exchanges this week.

    The value was substantially up from the nearly 41.2 billion yuan of shares unlocked last week.

    A total of 5.98 billion shares from 65 listed firms will become tradable.

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

    Chinese stocks closed lower Friday, with the benchmark Shanghai Composite Index down 0.35 percent to end at 3,163.26, and the Shenzhen Component Index closing 0.89 percent lower at 10,634.30.

    Author:    Source:xinhua    Editor:Yang Fan

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