Locked shares worth over 100 bln yuan eligible for trade

Source: Xinhua| 2019-02-09 23:42:30|Editor: Mu Xuequan
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BEIJING, Feb. 9 (Xinhua) -- Locked shares from 58 listed companies will become eligible for trade on the Shanghai and Shenzhen stock exchanges next week.

Calculated with previous closing prices, the shares are worth 102.76 billion yuan (15.32 billion U.S. dollars), according to financial information provider Wind Info.

The figure will be the largest weekly amount in February, when the total value of unlocked shares will be more than 150 billion yuan, the data showed.

Three firms will see more than 1 billion locked shares becoming eligible for trade in the coming week, including property developer Guangzhou Yuetai Group and Sichuan-based brokerage firm Huaxi Securities Co.

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

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