Lock-up shares worth 37.7b yuan eligible for trade
Updated: 2013-09-16 13:47
(Xinhua)
|
||||||||
Lock-up shares worth 37.7 billion yuan ($6.16 billion) will become eligible for trading this week, according to data from bourses.
The volume marks a notable increase from the 18.1 billion yuan seen from Sept 9 to 13.
Altogether, 19 listed companies on the Shanghai and Shenzhen stock exchanges will see their lock-up shares released to the capital market after the lock-up agreements expire.
Under China's market rules, major shareholders of non-tradable stocks are subject to one or two years of lock-up before they are permitted to trade the shares.
Ping An Bank Co Ltd and Luxshare Precision Industry Co Ltd will each see non-tradable shares worth more than 8 billion yuan eligible for trade this week.
China's stock market soared last week, with the benchmark Shanghai Composite Index closing up 4.5 percent for the week.
The bank, securities and insurance shares all rallied after Chinese Premier Li Keqiang said at the Summer Davos Forum that China will provide greater space for financial institutions of various ownerships to develop their businesses.
Most Viewed
Editor's Picks
Happily ever after until the divorce |
Getting to the point |
China gets tough on air pollution |
Cure sought for the medical sector's ills |
Africa looks to the Orient for lessons |
Hanban shops around for a wider choice |
Today's Top News
USDA's OK of chicken processing challenged
US top carpet maker sets up in China
States laud lifting of ban on hardwood by China
UN chief gets report on Syria chemical weapons
Succession proves a tricky art in business
Going global? Not so easy
Japan switches off nuclear reactor
Summers withdraws from Fed chair contest
US Weekly
Geared to go |
The place to be |