• News
  • Markets
news photo
Lock-up shares worth 30b yuan eligible for trade

BEIJING - Lock-up shares worth 30.1 billion yuan ($4.9 billion) will become eligible for trade on China's [Company Incorporation USA]stock markets this week.

A total of 1.7 billion shares from 20 companies will be tradable on the Shanghai and Shenzhen bourses from May 18 to 22, down from 68.3 billion yuan shares unlocked between May 11 and 15, according to Southwest Securities.

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

Pengxin International Mining Co Ltd will see non-tradable shares worth around 9.6 billion yuan become tradable on May 22, the largest amount of such shares to hit the stock market in the period.

Chinese shares closed lower [Hong Kong Company Registration Guide]on Friday over concerns of more initial public offerings. The benchmark Shanghai Composite Index fell 1.59 percent to finish at 4,308.69 points.


Hongkong Tel : +852-2537 7886 Fax : 2537 7780   Add : 21F, Lippo Centre Tower 2, 89 Queensway, Admiralty, HK
Beijing Tel : +86-10-5979 7566 Fax : 5885 7463 Shanghai Tel : +86-21-6252 4952 Fax : 6091 7720
Tianjin Tel : +86-022-5829 8755 Fax : 5867 5735 Nanjing Tel : +86-25-8467 1161 Fax : 8467 1194
Guangzhou Tel : +86-20-2208 2580 Fax : 2208 2579 Shenzhen Tel : +86-755-8270 1877 Fax : 8270 1875
Hangzhou Tel : +86-571-8788 6788 Fax : 8607 5868 Ningbo Tel : +86-574-8772 9255 Fax : 8772 9216
Dalian Tel : +86-411-8250 6091 Fax : 8250 6094 Qingdao Tel : +86-532-8090 2580 Fax : 8090 2590
Xiamen Tel : +86-592-3299 299 Fax : 3299 199 Fuzhou Tel : +86-591-8389 1762 Fax : 8389 1752