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Lock-up shares worth 104 bln yuan to become tradable in China

//english.dbw.cn  Author:  Source:xinhua  Editor:Yang Fan  2021-02-22 09:16:29

Lock-up shares worth about 104.48 billion yuan (around 16.17 billion U.S. dollars) will become eligible for trade on China's bourses in the coming week.

About 2.95 billion shares will be freed up for trading from Feb. 22 to 26, 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.

Chinese stocks closed higher on Friday, with the benchmark Shanghai Composite Index up 0.57 percent to 3,696.17 points. The Shenzhen Component Index closed 0.35 percent higher at 15,823.11 points. Enditem