Lock-up shares worth over 151 bln yuan to become tradable in China

Xinhua
23 Sep 2023, 20:05 GMT+10

BEIJING, Sept. 23 (Xinhua) -- Locked-up shares worth 151.55 billion yuan (about 21.13 billion U.S. dollars) will become eligible for trading on China's bourses next week.

From Sept. 25 to 29, nearly 9.02 billion shares of 98 enterprises will become tradable, according to data from financial information provider Wind.

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

The aggregate market value of these shares is calculated using their closing prices on Friday.

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