Lock-up shares worth 130.3 bln yuan to become tradable-Xinhua

Lock-up shares worth 130.3 bln yuan to become tradable

Source: Xinhua

Editor: huaxia

2022-01-16 17:21:30

BEIJING, Jan. 16 (Xinhua) -- Lock-up shares worth about 130.31 billion yuan (around 20.46 billion U.S. dollars) will become eligible for trade on China's bourses in the upcoming trading week.

From Jan. 17 to 21, about 15.15 billion shares will become tradable on the two stock exchanges in Shanghai and Shenzhen, according to data from financial information provider Wind.

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

Chinese stocks closed mixed on Friday, with the benchmark Shanghai Composite Index down 0.96 percent, at 3,521.26 points. The Shenzhen Component Index closed 0.09 percent higher at 14,150.57 points.