BUSINESS More lock-up shares to become tradable

BUSINESS

More lock-up shares to become tradable

Xinhua

09:58, January 18, 2020

BEIJING, Jan. 18 (Xinhua) -- China's stock market will see more locked shares become eligible for trading in the coming week.

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File photo: VCG

From Jan. 20 to 23, more than 18.79 billion locked-up shares will become tradable on the Shanghai and Shenzhen bourses, up 55.75 percent week on week.

The peak of newly unlocked shares will come Monday and Thursday when a combined number of 16.19 billion shares will become tradable, accounting for over 86 percent of the total.

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 mixed Friday, with the benchmark Shanghai Composite Index rising 0.05 percent to 3,075.5 points. The Shenzhen Component Index closed 0.12 percent lower at 10,954.39 points.

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