ZCZC
BCN-06
CHINA-ECONOMY-LOCK-UP SHARES
Lock-up shares worth 10.34 bln yuan to become tradable in China
BEIJING, March 14,2021 (BSS/XINHUA)- Lock-up shares worth about 10.34 billion yuan (around 1.6 billion U.S. dollars) will become eligible for trade on China’s bourses in the coming week.
About 630 million shares will be freed up for trading from March 15 to 19, according to data from financial information provider Wind.
Under China’s stock market rules, major shareholders must wait for one to two years before they are permitted to sell their shares.
Chinese stocks closed higher Friday, with the benchmark Shanghai Composite Index up 0.47 percent, at 3,453.08 points. The Shenzhen Component Index closed 0.22 percent higher at 13,897.03 points.
BSS/XINHUA/TIT/1840HRS