Lock-up shares worth ¥29.8bn eligible for trade
Beijing - XINHUA
Lock-up shares worth 29.8 billion yuan (4.87 billion U.S. dollars) will become eligible for trade this week in China. The volume is a rise from the 20.2 billion yuan's worth of lock-up shares traded from Feb. 24 to 28, according to the Shanghai and Shenzhen stock exchanges. Altogether, 22 listed companies on the two stock exchanges will see their lock-up shares released onto capital markets from March 3 to 7. Under the mainland's market rules, major shareholders of non-tradable stocks are subject to one or two years of lock-up before they are permitted to trade.
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