The value of lock-up shares becoming eligible for trade on China’s stock market this week will amount to US $6.9 Billion (42.6 Billion Yuan), according to data from the country’s two stock exchanges.
The volume slightly decreased from the 68.7 billion Yuan seen from August 4 to 8.
Twenty-four listed companies on the Shanghai and Shenzhen stock exchanges will see their lock-up shares released to the capital market.
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, according to a Xinhua report.
Founder Securities saw non-tradable shares worth 15.6 billion Yuan become tradable today, the largest amount of such shares to hit the stock market this week.