Lock-up shares worth 95 bln yuan to become tradable
Xinhua, January 3, 2016 Adjust font size:
Lock-up shares worth 95 billion yuan (14.6 billion U.S. dollars) will become eligible for trade on China's stock markets this week.
About 9.27 billion shares from 34 companies will become tradable on the Shanghai and Shenzhen bourses from Monday to Friday, data from Southwest Securities showed Sunday.
Industrial Bank Co., a Shanghai-listed commercial bank, will see non-tradable shares worth around 49 billion yuan become tradable on Thursday, the largest amount to hit the market this week.
Under China's market rules, major shareholders of non-tradable stocks are subject to one or two years of lock-up period before they are permitted to trade. Endi