Fewer lock-up shares eligible for trade

Updated 2017-11-05 14:01:57 Xinhua

Some 3.024 billion locked shares will become eligible for trading on the Shanghai and Shenzhen stock exchanges in the coming week, down from 3.993 billion shares unlocked this week.

The unlocked shares are worth about 52.09 billion yuan (7.8 billion U.S. dollars), according to information service provider Wind Info.

Locked shares from 39 listed companies will become tradable from Nov. 6 to 10, it said.

Shaanxi Heimao Coking Co., Ltd. is set to unlock 486 million shares, the largest from a single company next week.

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

Chinese stocks closed lower Friday with the benchmark Shanghai Composite Index falling 0.34 percent at 3,371.74 points, while the Shenzhen Component Index closed 0.68 percent lower at 11,215.19 points.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58February 24 2019 07:24:48

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 12:16February 24 2019 07:24:48

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18February 24 2019 07:24:48

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.

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