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More lock-up Chinese shares eligible for trade

English.news.cn   2014-05-25 21:02:55

BEIJING, May 25 (Xinhua) -- The total value of lock-up shares eligible for trade on China's stock market will rise significantly this week, according to the country's two stock exchanges.

A total of 26 listed companies on the Shanghai and Shenzhen stock exchanges will see shares worth 36.7 billion yuan (5.9 billion U.S. dollars) released to the market from Monday to Friday after lock-up agreements expire.

The amount is much higher than the total value of 16.1 billion yuan that became tradable last week.

Under China's market rules, major shareholders of non-tradable stocks are subject to a lock-up period of one or two years before they are permitted to sell their shares.

A rise in newly unlocked shares will put some downward pressure on the market as it means an increase in stock supply.

Editor: Mengjie
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