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Economy

Lock-up shares worth over 97 bln yuan eligible for trade this week

April 15, 2019


Abstract : Lock-up shares worth about 97.9 billion yuan (about 14.6 billion U.S. dollars) will become eligible for trading on China's bourses this week.

BEIJING, April 14 (Xinhua) -- Lock-up shares worth about 97.9 billion yuan (about 14.6 billion U.S. dollars) will become eligible for trading on China's bourses this week.

About 9.7 billion shares will become tradable on the Shanghai and Shenzhen stock exchanges from April 15 to 19, according to the financial information provider Wind Info.

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

Chinese stocks closed lower on Friday, with the benchmark Shanghai Composite Index down 0.04 percent to close at 3,188.63 points.

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Keyword: shares china-economy

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