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China Daily Website

Billions in lock-up shares eligible for trade

Updated: 2013-11-18 09:49
( Xinhua)

BEIJING -- Lock-up shares worth 11.7 billion yuan ($1.9 billion) will become eligible for trade next week in China, according to data from bourses. The volume marks a sharp decrease from the 34.3 billion yuan seen from Nov 11 to 15.

Altogether, 25 listed companies on the Shanghai and Shenzhen stock exchanges will see their shares released to the capital market after the lock-up agreements expire.

Under China'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.

China Great Wall Computer Shenzhen Co Ltd will see non-tradable shares worth 2.77 billion yuan become tradable next week, the largest amount of such shares to hit the stock market next week.