More Chinese lock up stocks to be available for trading


(MENAFN)


More locked stocks will be available for trading in the Chinese stock market in the coming week.

Data from online financial information provider Jrj.com showed that from Monday to Friday, lock up shares valued around USD9.59 billion will be available for trading the Shanghai and Shenzhen bourses, an increase of 9.1 percent from the previous week.

3 companies, including YTO express groups will see more than 1 billion shares become tradable, the total amount of available shares is expected to reach 6.73 billion in the next five trading days.

Big shareholders must wait for one to two years before they are allowed to sell their shares under the Chinese stock market rules.

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