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Economy

HOME > Economy


More lock-up shares eligible for trade

March 12, 2018


Abstract : Lock-up shares worth about 44.3 billion yuan (about 7 billion U.S. dollars) will become eligible for trading on the Shanghai and Shenzhen stock exchanges next week.

股市

BEIJING, Mar. 12 (Xinhua) -- Lock-up shares worth about 44.3 billion yuan (about 7 billion U.S. dollars) will become eligible for trading on the Shanghai and Shenzhen stock exchanges next week.

This is a big increase from the 27.6 billion yuan for the previous week, according to information service provider Wind.

The peak share-unlocking day will fall on Monday, with over 900 million shares of Air China worth about 11.9 billion yuan becoming tradable.

Also on Monday, the Shanghai-listed Jiangsu Protruly Vision Technology will see non-tradable shares worth around 3.1 billion yuan 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 higher on Friday, with the benchmark Shanghai Composite Index up 0.57 percent to close at 3,307.17 points and the Shenzhen Component Index closing 1.60 percent higher at 11,194.91.


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