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Lock-up shares worth 32.26 bln yuan to become tradable

Abstract : Lock-up shares worth about 32.26 billion yuan (about 4.9 billion U.S. dollars) will become eligible for trade on China's bourses in the coming week.

BEIJING, March 28 (Xinhua) — Lock-up shares worth about 32.26 billion yuan (about 4.9 billion U.S. dollars) will become eligible for trade on China’s bourses in the coming week.

From March 29 to April 2, about 2.76 billion shares of 22 stocks will become tradable on the two stock exchanges in Shanghai and Shenzhen, according to data from financial information provider Wind.

Under China’s stock market rules, major shareholders must wait for one to two years before they are permitted to sell their shares.

Chinese stocks closed higher on Friday, with the benchmark Shanghai Composite Index up 1.63 percent, at 3,418.33 points. The Shenzhen Component Index closed 2.6 percent higher at 13,769.68 points. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic belt and the 21st century maritime silk road website, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: Lock-up shares worth 32.26 bln yuan to become tradable

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