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Sunday, November 18, 2018, 15:31
7.7 bln lock-up shares eligible for trade next week
By Xinhua
Sunday, November 18, 2018, 15:31 By Xinhua

Shenzhen Stock Exchange. (PHOTO / VCG)

BEIJING - A total of 7.7 billion lock-up shares will become eligible for trade on China's stock market next week, according to Wind Info, a financial information provider.

Shares to be unlocked on the Shanghai and Shenzhen bourses during Nov 19 to 23 will be worth 55.96 billion yuan (about US$8.1 billion), an increase from the previous week.

Transfer Group will see 2.32 billion shares become tradable next week. A number of companies including Shandong Xinchao Energy Corporation Ltd. will see more than 500 million shares become tradable.

READ MORE: China's major securities brokers report US$897b in asset value

Under China's market rules, major shareholders must wait for 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 0.41 percent, closing at 2,679.11.

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