ZCZC
BCN-12
CHINA-SHARE-TRADE-LOCK UP
More lock-up shares eligible for trade
BEIJING, June 24, 2018 (BSS/Xinhua) – Lock-up shares worth about 137
billion yuan (about 21 billion U.S. dollars) will become eligible for trading
on China’s bourses next week, the highest weekly market cap in June.
Over 7.7 billion shares will become tradable on the Shanghai and Shenzhen
stock exchanges, according to financial information website jrj.com.
Guotai Junan Securities will contribute the largest amount of lock-up
shares, with some 2.78 billion shares becoming tradable next Tuesday.
Under China’s market rules, major shareholders must wait one to two years
before they are permitted to sell their shares. Chinese stocks mildly
rebounded Friday, with the benchmark Shanghai Composite Index up 0.49 percent
to end at 2,889.76 points. The Shenzhen Component Index closed 1 percent
higher at 9,409.95 points.
BSS/XINHUA/HR/1215