Fewer lock-up shares to become tradable in September


Lock-up shares worth about 359.87 billion yuan (about 52.2 billion U.S. dollars) will become eligible for trade on China’s bourses next month.

The amount is down 23.3 percent month on month, according to data from financial information provider Wind.

In September, about 13.84 billion shares will become tradable on the two stock exchanges in Shanghai and Shenzhen, down 47.5 percent from August.

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


About Author

Leave A Reply