Locked shares to be available for trading


(MENAFN)

China's stock market will allow more locked shares to become available for trading in the coming week.

According to data from Shujubao, from Monday to Friday, lock-up shares valued about USD8.77 billion concerning 34 firms will become available for trading on the Shanghai and Shenzhen bourses, increasing 170 percent from the previous week.

The peak of newly unlocked stocks will come on Monday when shares involving 19 firms will become tradable, making up 34 percent of the total.

According to China's stock market rules, big shareholders must wait for one to two years before they are allowed to sell their shares.

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