Off the wire
• China likely to lower oil price  • Backgrounder: Major political parties running in Turkey's parliamentary elections  • China's Xu/Ma win mixed doubles in Indonesia Open  • 1st LD Writethru: Blast kills prosecutor in Afghan city  • (Sport) Chinese duo crowned in mix-double at Indonesia Open  • 1st LD Writethru: Turkey's general elections start  • (Sports Focus) "Brave" ref decision stirs up controversy in World Cup  • 2nd LD: China mourns Yangtze shipwreck victims as search continues  • Urgent: Casualties feared as blast rocks Afghanistan's Kunduz city  • Indonesia Open badminton fixture  
You are here: 　 Home

Lock-up shares worth over 80 bln yuan eligible for trade

Xinhua, June 7, 2015 Adjust font size:

Lock-up shares worth 81.6 billion yuan (over 13 billion U.S. dollars) will become eligible for trade on China's stock markets in the next week, slightly fewer than a week ago.

A total of 2.73 billion shares from 20 companies will be tradable on the Shanghai and Shenzhen bourses from June 8 to 12, data from Southwest Securities showed.

Under China's market rules, major shareholders of non-tradable stocks are subject to one or two years lock-up before they are permitted to trade.

Beijing Watertek Information Technology Co., a software developer will see non-tradable shares worth around 15 billion yuan become tradable on Monday, the largest amount of such shares to hit the stock market next week.

China's benchmark Shanghai Composite Index jumped 1.54 percent to finish at 5,023.1 points on Friday, a 7-year high. Endi