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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

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

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