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Economy

Lock-up shares worth 88.8 bln yuan to become tradable in China

October 23, 2023


Abstract : Lock-up shares worth around 88.8 billion yuan (about 12.37 billion U.S. dollars) will become eligible for trade on China's bourses next week.

BEIJING, Oct. 22 (Xinhua) -- Lock-up shares worth around 88.8 billion yuan (about 12.37 billion U.S. dollars) will become eligible for trade on China's bourses next week.

From Oct. 23 to 27, about 5.2 billion shares of 65 listed companies will start trading on the Shanghai and Shenzhen stock exchanges.

The aggregate market value of these shares is calculated based on their closing prices on Oct. 20, the previous trading day.

Under China's stock market rules, major shareholders must wait one to two years before they are permitted to sell their shares.

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Keyword: Lock-up shares

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