Lock-up shares worth about 138.13 bln yuan to become tradable in China-Xinhua

Lock-up shares worth about 138.13 bln yuan to become tradable in China

Source: Xinhua

Editor: huaxia

2024-04-20 10:47:00

BEIJING, April 20 (Xinhua) -- Lock-up shares worth around 138.13 billion yuan (about 19.44 billion U.S. dollars) will become eligible for trading on China's bourses next week.

From April 22 to 26, a total of 4.81 billion lock-up shares will start trading on the Shanghai and Shenzhen stock exchanges, according to data from financial information provider Wind.

The aggregate market value of these shares is calculated based on closing prices on April 19, the previous trading day.

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