Lock-up shares worth 43.6bn yuan become tradable
Lock-up shares
Beijing - XINHUA
Lock-up shares worth 43.6 billion yuan (7.12 billion U.S. dollars) will become eligible for trade on China's stock markets in the coming week.
A total of 2.93 million shares from 23 companies will be tradable on the Shanghai and Shenzhen stock exchanges from March 23 to 27.
Bank of Beijing will see non-tradable shares worth 17.74 billion yuan become tradable on March 26, the largest amount of such shares to hit the stock market in the period.
Under China's market rules, major shareholders of non-tradable stocks are subject to one or two years of lock-up before they are permitted to trade the shares.
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