English Buz & Tech

Lock-up shares worth 99.9 bln yuan to become tradable



BEIJING, Sept. 26 (Xinhua) -- Lock-up shares worth about 99.87 billion yuan (around 15.5 billion U.S. dollars) will become eligible for trade on China's bourses in the upcoming trading week.

From Sept. 27 to 30, about 5.78 billion shares will become tradable on the two stock exchanges in Shanghai and Shenzhen, according to data from financial information provider Wind.

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 lower on Friday, with the benchmark Shanghai Composite Index down 0.8 percent, at 3,613.07 points. The Shenzhen Component Index closed 0.21 percent lower at 14,357.85 points. Enditem