Xinhua
Lock-up shares worth about 72.47 billion yuan (around 11.2 billion U.S. dollars) will become eligible for trade on China’s bourses in the coming week.
This is according to data from financial information provider Wind on Sunday.
From April 26 to April 30, about 2.81 billion shares of 47 stocks will become tradable on the two stock exchanges in Shanghai and Shenzhen.
Under China’s stock market rules, major shareholders must wait for one to two years before they are permitted to sell their shares.
Chinese stocks closed higher on Friday, with the benchmark Shanghai Composite Index up 0.26 per cent, at 3,474.17 points.
The Shenzhen Component Index closed one per cent higher at 14,351.86 points.
