ZCZC
BCN-36
CHINA-SHARE-LOCK-UP-TRADE
More lock-up shares eligible for trade
BEIJING, Aug. 13, 2018 (BSS/Xinhua) – Lock-up shares worth 29.4 billion
yuan (about 4.3 billion U.S. dollars) will become eligible for trading on
China’s bourses this week.
Over 4 billion shares from 31 companies will become tradable on the
Shanghai and Shenzhen stock exchanges from Aug. 13 to 19, according to
information service provider Wind Info.
In the previous week, more than 1.78 billion shares worth about 17.9
billion yuan became tradable.
Qinhuangdao Port Co., Ltd. will have the largest amount of lock-up shares,
with more than 1 billion shares becoming tradable Thursday.
Under China’s market rules, major shareholders must wait for one to two
years before they are permitted to sell their shares.
Chinese shares rose Friday, with the benchmark Shanghai Composite Index
went up 0.03 percent to close at 2,795.31, while the Shenzhen Component Index
rose 0.7 percent to close at 8,813.49.
BSS/XINHUA/HR/1305