LINE

    Text:AAAPrint
    Economy

    Fewer lock-up shares to become tradable in April

    1
    2016-04-03 07:20Xinhua Editor: Mo Hong'e

    The value of lock-up shares to become eligible for trade will shrink by about 40 billion yuan (6.2 billion U.S. dollars) from March to nearly 143.6 billion yuan in April.

    Nearly 11.1 billion shares from 85 companies will become tradable on the Shanghai and Shenzhen stock exchanges in April, according to market information provider Wind.

    Less supply of new tradable shares means lower downward pressure on the market, which is very sensitive following repeated slumps in previous months.

    Huaxia Bank will see the unlocking of some 2.9 billion non-tradable shares on April 26, the largest volume to be released this month.

    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.

      

    Related news

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    News
    Politics
    Business
    Society
    Culture
    Military
    Sci-tech
    Entertainment
    Sports
    Odd
    Features
    Biz
    Economy
    Travel
    Travel News
    Travel Types
    Events
    Food
    Hotel
    Bar & Club
    Architecture
    Gallery
    Photo
    CNS Photo
    Video
    Video
    Learning Chinese
    Learn About China
    Social Chinese
    Business Chinese
    Buzz Words
    Bilingual
    Resources
    ECNS Wire
    Special Coverage
    Infographics
    Voices
    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ©1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 山阴县| 磴口县| 萨嘎县| 西和县| 平谷区| 泌阳县| 丹凤县| 大城县| 阳朔县| 安龙县| 清水县| 九台市| 成武县| 青神县| 湄潭县| 外汇| 兴海县| 台湾省| 陕西省| 巴塘县| 宁津县| 丽水市| 淮安市| 同德县| 平乐县| 津南区| 华蓥市| 阳曲县| 绿春县| 临邑县| 张家川| 永康市| 炉霍县| 新晃| 丽水市| 边坝县| 漠河县| 胶州市| 许昌县| 韶山市| 慈利县|