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Xinhua Silk Road
Economy

Shares worth over 460 bln yuan to become tradable in July

June 22, 2020


Abstract : Locked shares from 129 companies will be eligible for trade on the Shanghai and Shenzhen stock exchanges in July.

BEIJING, June 21 (Xinhua) -- Locked shares from 129 companies will be eligible for trade on the Shanghai and Shenzhen stock exchanges in July.

According to service provider ChinaDataPay, based on previous closing prices, these shares are worth more than 460 billion yuan (about 65 billion U.S. dollars).

Some 11 companies will each see more than 10 billion yuan worth of lock-up shares become eligible for trading in July.

In the following week, locked shares worth 18.92 billion yuan will be eligible for trade.

China's market rules stipulate that major shareholders must wait for a year or two before they are permitted to sell shares. Enditem

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Keyword: stock market

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