Lock-up shares worth 291.3 bln yuan eligible for trade

Updated 2017-02-02 09:46:20 Xinhua

Lock-up shares worth about 291.3 billion yuan (about 42.5 billion U.S. dollars) will become eligible for trade on the Shanghai and Shenzhen stock exchanges this month.

About 20.5 billion shares will become tradable in February, a relatively large volume that will put pressure on the stock market, according to a report in China Securities Journal.

Shaanxi Coal Industry Company Ltd. will see the unlocking of 7.29 billion shares, the largest group to hit the market on Friday, the first trading day after China's Lunar New Year.

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

China's key stock index, the benchmark Shanghai Composite Index, concluded the Year of the Monkey at 3,159.17 points. The smaller Shenzhen Component Index closed at 10,052.05 points.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58December 13 2017 02:03:30

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16December 13 2017 02:03:30

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18December 13 2017 02:03:30

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords