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Agricultural Development Bank of China
Economy

Lock-up shares worth 126.6 bln yuan to become tradable

September 18, 2021


Abstract : Lock-up shares worth about 126.6 billion yuan (around 19.6 billion U.S. dollars) will become eligible for trade on China's bourses in the upcoming trading week.

BEIJING, Sept. 18 (Xinhua) -- Lock-up shares worth about 126.6 billion yuan (around 19.6 billion U.S. dollars) will become eligible for trade on China's bourses in the upcoming trading week.

From Sept. 22 to 24, about 6.7 billion shares will become tradable on the two stock exchanges in Shanghai and Shenzhen, 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 higher on Friday, with the benchmark Shanghai Composite Index up 0.19 percent, at 3,613.97 points. The Shenzhen Component Index closed 0.71 percent higher at 14,359.36 points. Enditem

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Keyword: securities lock-up shares

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