More lock-up shares eligible for trade
Xinhua,January 21, 2018 Adjust font size:
BEIJING, Jan. 21 (Xinhua) -- Lock-up shares worth nearly 300 billion yuan (about 46.15 billion U.S. dollars) will become eligible for trading on the Shanghai and Shenzhen stock exchanges next week.
The amount is some 466 percent higher than the previous week, according to information service provider Wind.
Shares from 68 companies worth 299.34 billion yuan will become tradable, compared with tradable shares worth 52.86 billion yuan last week.
Under China's market rules, major shareholders must wait one to two years before they are permitted to sell their shares.
Chinese stocks closed mixed on Friday, with the benchmark Shanghai Composite Index up 0.38 percent to close at 3,487.86 points.
The Shenzhen Component Index closed 0.21 percent lower at 11,296.27 points. Enditem