More lock-up Chinese shares eligible for trade
(Xinhua) Updated: 2014-05-26 13:41BEIJING - The total value of lock-up shares eligible for trade on China's stock market will rise significantly this week, according to the country's two stock exchanges.
A total of 26 listed companies on the Shanghai and Shenzhen stock exchanges will see shares worth 36.7 billion yuan ($5.9 billion) released to the market from Monday to Friday after lock-up agreements expire.
The amount is much higher than the total value of 16.1 billion yuan that became tradable last week.
Under China's market rules, major shareholders of non-tradable stocks are subject to a lock-up period of one or two years before they are permitted to sell their shares.
A rise in newly unlocked shares will put some downward pressure on the market as it means an increase in stock supply.
China's SME board sees fast growth
Securities regulator targets 100 new listings in A-share market by year-end
|
 |
 |
| JD.com makes US debut with $1.78b IPO |
- Chinese demand keeps driving up New Zealand exports
- E-commerce gives leg-up to ailing steel industry
- SVW upgrades New Polo for new youth
- Feast your eyes on aeroplanes as festival takes off
- Fresh bid to build charging network
- For a drink of clean water, turn on the tap
- Poland's branding in need of polishing
- In London, a center for exellence
