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More lock-up shares to become tradable

//english.dbw.cn  Author:  Source:xinhua  Editor:Yang Fan  2020-03-09 14:27:24

China's stock market will see more lock-up shares become eligible for trade in the coming week.

From March 9 to 13, more than 3.34 billion locked-up shares will become tradable on the Shanghai and Shenzhen bourses, up nearly 9.3 percent week on week.

Monday will mark the peak of newly unlocked shares, with about 1.73 billion shares becoming tradable, accounting for over 51.86 percent of the week's total.

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 ended lower Friday, with the benchmark Shanghai Composite Index closing 1.21 percent lower at 3,034.51 points, while the Shenzhen Component Index closed 1.1 percent lower at 11,582.82 points.