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Lock-up shares worth 49.5 bln yuan to become tradable

Xinhua, January 24, 2016 Adjust font size:

Lock-up shares worth 49.5 billion yuan (7.4 billion U.S. dollars) will become eligible for trade on China's stock markets in the coming week.

About 3.89 billion shares from 38 companies will become tradable on the Shanghai and Shenzhen bourses from Monday to Friday, data from Southwest Securities showed Sunday.

Shenwan Hongyuan Group, a Shenzhen-listed financial company, will see non-tradable shares worth around 18 billion yuan become tradable on Tuesday, the largest amount to hit the market in the coming week.

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. Endit