Lock-up shares worth 68.52 bln yuan eligible for trade
Xinhua, September 28, 2014 Adjust font size:
The value of lock-up shares becoming eligible for trade on China's stock market in October totals 68.52 billion yuan (11.14 billion U.S. dollars).
The volume declined over 70 percent from September, data from Wind Info showed on Saturday.
Altogether, lock-up shares from 35 listed companies on the Shanghai and Shenzhen stock exchanges will be released to the capital market.
Power Construction Corporation of China will see non-tradable shares worth 17.48 billion yuan become tradable on Oct. 20, the largest amount of such shares to hit the stock market.
Under China's market rules, major shareholders of non-tradable stocks are subject to one or two years of lock-up before they are permitted to trade the shares.