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Industry

Lock-up shares worth over 177 bln yuan to become tradable

January 16, 2023


Abstract : Lock-up shares worth about 177.03 billion yuan (around 26.3 billion U.S. dollars) will become eligible for trade on China's bourses next week.

BEIJING, Jan. 15 (Xinhua) -- Lock-up shares worth about 177.03 billion yuan (around 26.3 billion U.S. dollars) will become eligible for trade on China's bourses next week.

From Jan. 16 to 20, more than 27.43 billion shares will become tradable on the Shanghai and Shenzhen bourses, 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 1.01 percent to 3,195.31 points. The Shenzhen Component Index closed 1.19 percent higher at 11,602.3 points.

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