Lock-up shares worth 35.5 billion yuan eligible for trade
Xinhua, February 25, 2017 Adjust font size:
Lock-up shares worth about 35.54 billion yuan (about 5.18 billion U.S. dollars) will become eligible for trade on the Shanghai and Shenzhen stock exchanges in the coming week.
About 1.62 billion shares will become tradable from Feb. 27 to March 3, according to RoyalFlush Information, a financial information service provider.
Shanghai International Airport is set to unlock 833 million non-tradable shares, the largest volume to be released next week.
Under China's market rules, major shareholders have to wait one to two years before they are permitted to sell their shares.
China's benchmark Shanghai Composite Index edged up 0.06 percent to 3,253.43 points Friday. The Shenzhen Component Index climbed 0.11 percent to finish at 10,443.73 points. Endi