More lock-up shares el­i­gi­ble

China Daily (USA) - - BUSINESS -

Lock-up shares worth around 34.8 bil­lion yuan ($5.1 bil­lion) will be­come el­i­gi­ble for trad­ing on the Shang­hai and Shen­zhen stock ex­changes this week. The amount is 38.6 per­cent more than last week, ac­cord­ing to data com­piled by Chongqing-based South­west Se­cu­ri­ties. Lock-up shares from 35 listed com­pa­nies will be­come trad­able from July 17 to 21, with the peak share un­lock­ing pe­riod fall­ing on Mon­day, it said. Un­der China’s mar­ket rules, ma­jor share­hold­ers must wait one to two years be­fore they are per­mit­ted to sell their shares. trade­marks also grew quickly in the first half, up 30.8 per­cent year-onyear.

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