BUSINESS Lock-up shares worth 78 bln yuan to become tradable


Lock-up shares worth 78 bln yuan to become tradable


10:23, December 29, 2019

BEIJING, Dec. 29 (Xinhua) -- Lock-up shares worth about 78 billion yuan (about 11 billion U.S. dollars) will become eligible for trade on China's bourses in the coming week.


File photo: CGTN

From Dec. 30 to Jan. 3, about 10.7 billion shares of 82 stocks will become tradable on the two stock exchanges in Shanghai and Shenzhen, according to data from financial information provider Choice.

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 0.08 percent, at 3,005.04 points. The Shenzhen Component Index closed 0.68 percent lower at 10,233.77 points.

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