Fewer lock-up shares eligible for trading | 2019-05-27 | daily-sun.com

Fewer lock-up shares eligible for trading

27 May, 2019 12:00 AM printer

BEIJING: China’s stock market will see fewer locked shares become eligible for trading this week.

From Monday to Friday, a total of 2.7 billion shares will turn unlocked on China’s bourses, down 36 percent from the past week, according to data from financial information provider Wind Info.

The peak of newly unlocked shares will come on Monday when more than 1.5 billion shares will become tradable, reports Xinhua.

China Merchants Securities will have more than 815 million shares becoming tradable Monday, the largest amount this week.

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