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Lock-up shares worth 147.5 bln yuan to become tradable in May

Xinhua News,BEIJING
2020-05-03 15:40

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BEIJING, May 3 (Xinhua) -- China's stock market will see lock-up shares worth 147.5 billion yuan (about 20.9 billion U.S. dollars) freed for trading in May, the lowest monthly volume this year that will help ease pressure on the market.

The figure was down by nearly 40 percent from the volume in April, according to financial information service provider Wind.

Some 22 billion yuan worth of lock-up shares from 16 companies in the electronics industry will be eligible for trade this month, the data showed.

Under China's stock market rules, major shareholders must wait for one to two years before they are permitted to sell their shares.

Major Chinese stock indices ended higher on Thursday, the last trading day of April, with the benchmark Shanghai Composite Index up 1.33 percent to close at 2,860.08 points.
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