LINE

Text:AAAPrint
Economy

Lock-up shares worth over 80 bln yuan eligible for trade

1
2015-06-07 18:22Xinhua Editor: Wang Fan

Lock-up shares worth 81.6 billion yuan (over 13 billion U.S. dollars) will become eligible for trade on China's stock markets in the next week, slightly fewer than a week ago.

A total of 2.73 billion shares from 20 companies will be tradable on the Shanghai and Shenzhen bourses from June 8 to 12, data from Southwest Securities showed.

Under China's market rules, major shareholders of non-tradable stocks are subject to one or two years lock-up before they are permitted to trade.

Beijing Watertek Information Technology Co., a software developer will see non-tradable shares worth around 15 billion yuan become tradable on Monday, the largest amount of such shares to hit the stock market next week.

China's benchmark Shanghai Composite Index jumped 1.54 percent to finish at 5,023.1 points on Friday, a 7-year high.

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.