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Locked-Up Shares Worth 95.8 Bln Yuan to Become Tradable
Feb 18,2013 08:44CST
industry news
Source:SMM
China's stock market will see 95.8 billion yuan (15.25 billion U.S. dollars) in locked-up shares released for trading next week, according to statistics from Southwest Securities.

BEIJING, Feb. 17 (Xinhua) -- China's stock market will see 95.8 billion yuan (15.25 billion U.S. dollars) in locked-up shares released for trading next week, according to statistics from Southwest Securities.

A total of 9.68 billion non-tradable shares of 27 listed companies will become tradable after their lock-up agreements expire next week, Southwest Securities said.

On the Shanghai Stock Exchange, China Firstheavy Industries will see 4.25 billion of its non-tradable shares become eligible for trade on Monday. The market value of the shares amounts to around 12.57 billion yuan.

On the Shenzhen Stock Exchange, some 3.46 billion shares of GF Securities worth 58.06 billion yuan will be ready for trading.

The market value of next week's unlocked shares will be the second-highest seen this year, according to Zhang Gang, an analyst at Southwest Securities.

Of the 27 companies, 25 will see shares unlocked on Monday, the first trading day to occur after the Spring Festival holiday. Their shares will account for 98.33 percent of next week's total unlocked market value.

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

China's stock market
Shanghai Stock Exchange

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