Business / Markets

Lock-up shares worth 46.8b yuan to become tradable

(Xinhua) Updated: 2015-11-30 09:39

BEIJING - Lock-up shares worth 46.8 billion yuan ($7.63 billion) will become eligible for trade on China's stock market next week.

About 3.32 billion shares from 30 companies will become tradable on the Shanghai and Shenzhen bourses.

Tri-Ring Group, listed on the Shenzhen Stock Exchange, will see non-tradable shares worth around 14.90 billion yuan become tradable next week, the largest amount to hit the market.

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.

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