LINE

Text:AAAPrint
Economy

Lock-up shares worth 101 bln yuan to become tradable

1
2015-10-11 16:29Xinhua Editor: Wang Fan

China's stock market will see lock-up restrictions lifted on shares worth around 101 billion yuan (16.48 billion U.S. dollars) in the coming week.

About 10.13 billion shares in 24 companies will become tradable on the Shanghai and Shenzhen bourses from Oct. 12.

Under China's market rules, major shareholders of non-tradable stocks are subject to a one or two year lock-up period.

SPD Bank will see non-tradable shares worth around 59.32 billion yuan become tradable in Shanghai on Oct. 14, the largest amount to hit the market next week.

Chinese shares closed higher on Friday, propped up by strong performance of securities brokerages.

The major Shanghai index has plummeted around 40 percent since its peak on June 12, and has lost all of its gains since the beginning of the year.

  

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.