Off the wire
• Turkey declares curfew in SE province over security concerns  • Promising Internet of Things cooperation across Taiwan Strait  • Arbitration not a choice to settle South China Sea disputes: Chinese diplomat  • 1st LD: Over 40 killed in continuous rebels shelling in Syria's Aleppo  • Urgent: Over 40 killed in rebels shelling in Syria's Aleppo  • 14 IS militants killed in Syria in Turkish-U.S.-led coalition attack  • China dismisses U.S. statement on 1989 Tian'anmen incident  • "Captain Tsubasa" author Takahashi to script animation film for China  • Ample room exists for China's monetary maneuvers: official  • (Sports) Malaysian ace Chong Wei marches to MS final of Indonesia Open 2016  
You are here: 　 Home

Lock-up shares worth 7.75 bln yuan to become tradable

Xinhua, June 4, 2016 Adjust font size:

Lock-up shares worth 7.75 billion yuan (1.19 billion U.S. dollars) will become eligible for trade on China's stock market next week.

More than 615 million shares from 15 companies will become tradable on the Shanghai and Shenzhen bourses from June 6 to June 8, according to market information provider Wind.

Ningxia Xinri Hengli Steel Wire Rope Co. Ltd. will see the unlocking of 200 million shares worth about 2.53 billion yuan on Monday, the largest group of shares to hit the market next week.

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

Chinese stocks posted the biggest weekly gain in two and a half months in the past week, with the benchmark Shanghai Composite Index closing at 2,938.68 points on Friday. Endi