Lock-up shares worth CNY29B to become tradable

BEIJING (Xinhua) – Lock-up shares worth about CNY29 billion (about USD4.1 billion) will become eligible for trading on China’s bourses in the coming week.

From Monday to Friday, 29 stocks will become tradable on the two stock exchanges in Shanghai and Shenzhen, according to data from financial information provider Wind.

The predicted tradable stock value dropped 74.74 per cent from the CNY114.85 billion prediction of the previous week.

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