Business / Markets

Lock-up shares worth 52.8b yuan to become tradable

(Xinhua) Updated: 2015-12-07 13:08

BEIJING - Lock-up shares worth 52.8 billion yuan ($8.3 billion) will become eligible for trade on China's stock market this week.

About 3.92 billion shares from 30 companies will become tradable on the Shanghai and Shenzhen bourses.

Chaozhou Three-circle Group, listed on the Shenzhen Stock Exchange, will see non-tradable shares worth around 13.36 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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