Home Les bulletins GEAB Lock-up shares worth 41.7 bln yuan to become tradable

Lock-up shares worth 41.7 bln yuan to become tradable

BEIJING – Lock-up shares worth nearly 41.7 billion yuan ($6.8 billion) will become eligible fortrade on China’s stock market in the coming week.

More than 1.967 billion shares from 29 companies will become tradable on the Shanghai andShenzhen stock exchanges from Monday to Friday, according to data compiled by XinanSecurities.

Shanghai Tunnel Engineering Co, Ltd. will see the unlocking of nearly 826 million non-tradable shares on Friday, the largest volume to be released next week.

Under China’s market rules, major shareholders of non-tradable stocks are subject to one ortwo years of lock-up before they are permitted to trade the shares.

The market value of these shares due next week shrank substantially from 57.6 billion yuan ofstocks unlocked this week. New shares will put some downward pressure on the market dueto the increase in stock supply.

The upcoming stocks will hit the market after a seven-year-record weekly plunge of 13.32percent last week rattled investors in Chinese shares, which have realized remarkableperformance since the last quarter of 2014.

Source: China Daily

Este artículo no admite comentarios
Artículos relacionados
Geta Grama-Moldovan
18 Sep 2019


Geta Grama-Moldovan
15 Sep 2019

Inversiones, tendencias y recomendaciones (sept 2019)

#cryptomonedas #finanzas #inversiones #petroleo

Finanzas - Primeras aperturas al mercado chino Nuestras recomendaciones de inversión en el mercado financiero chino no son fáciles de seguir debido a la falta de accesibilidad. Pero poco a [...]

Geta Grama-Moldovan
15 Sep 2019

Hong Kong 2025: suburbio de Shenzhen

#China #finanzas #Monedas

Entre su dólar de Hong Kong fijado al dólar estadounidense y su carácter chino reafirmado desde su regreso en 1997, Hong Kong se encuentra exactamente en el centro de la [...]