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Industry

Lock-up shares worth 61.96 bln yuan to become tradable

November 09, 2020


Abstract : Lock-up shares worth about 61.96 billion yuan (about 9.35 billion U.S. dollars) will become eligible for trade on China's bourses in the coming week.

BEIJING, Nov. 8 (Xinhua) -- Lock-up shares worth about 61.96 billion yuan (about 9.35 billion U.S. dollars) will become eligible for trade on China's bourses in the coming week.

About 3.4 billion shares will be freed up for trading from Nov. 9 to 13, 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 lower on Friday, with the benchmark Shanghai Composite Index down 0.24 percent to 3,312.16 points, and the Shenzhen Component Index down 0.4 percent at 13,838.42 points. Enditem

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