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Lock-up shares worth 95b yuan eligible for trade

Xinhua | Updated: 2017-07-03 10:12

BEIJING — Lock-up shares worth about 95.2 billion yuan ($14 billion) will become eligible for trading on the Shanghai and Shenzhen stock exchanges in the coming week.

The amount is 143.35 percent more than that this week, according to data from information service provider Wind.

Lock-up shares from 36 listed companies will become tradable from July 3 to 7, with the peak of shares unlocking of the week falling on Monday, it said.

Under China's market rules, major shareholders must wait one to two years before they are permitted to sell their shares.

Chinese stocks closed higher on Friday, with the benchmark Shanghai Composite Index up 0.14 percent to close at 3,192.43 points. The Shenzhen Component Index closed 0.17 percent higher at 10,529.61 points.

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