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Lock-up shares worth 46.39b yuan eligible for trade

Xinhua | Updated: 2017-04-24 09:19

BEIJING — Lock-up shares worth about 46.39 billion yuan (about $6.7 billion) will become eligible for trade on the Shanghai and Shenzhen stock exchanges in the coming week.

About 4.59 billion shares will become tradable from April 24 to April 28, according to RoyalFlush Information, a financial information service provider.

Beijing Shougang is set to unlock 2.32 billion non-tradable shares, the largest volume to be released next week.

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

China's benchmark Shanghai Composite Index closed up 0.03 percent at 3,173.15 points on Friday, while the smaller Shenzhen Component Index closed 0.43 percent lower at 10,314.35 points.

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