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Economy

More lock-up shares to be eligible for trading

October 28, 2019


Abstract : About 6.31 billion lock-up shares will become eligible for trading on the two stock exchanges in Shanghai and Shenzhen in the coming week, up 35 percent from the previous week.

BEIJING, Oct. 27 (Xinhua) -- About 6.31 billion lock-up shares will become eligible for trading on the two stock exchanges in Shanghai and Shenzhen in the coming week, up 35 percent from the previous week.

The peak of newly unlocked shares will come Monday when 5.8 billion shares will become tradable, accounting for 91.94 percent of the week's total, 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.

Major Chinese stock indices ended higher Friday with the benchmark Shanghai Composite Index up 0.48 percent, at 2,954.93 points. The Shenzhen Component Index closed 1.10 percent higher at 9,660.44 points.

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Keyword: stock market securities-company

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China's liquor brand Moutai reports record overseas sales

Kweichow Moutai nets RMB24.7bln profits Q1-3, up 23.99pct on yr

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