Fewer lock-up shares to become tradable
Source: Xinhua | 2021-09-06
Lock-up shares worth about 35.95 billion yuan (around 5.57 billion U.S. dollars) will become eligible for trade on China's bourses in the upcoming trading week, down 68.5 percent from the previous week.
From Sept. 6 to 10, around 1.23 billion shares will become tradable on the two stock exchanges in Shanghai and Shenzhen, down 85.2 percent from the previous week, showed 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 lower on Friday, with the benchmark Shanghai Composite Index down 0.43 percent at 3,581.73 points. The Shenzhen Component Index closed 0.68 percent lower at 14,179.86 points.
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