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Lock-up shares worth 452.9 bln yuan to become tradable in July

Xinhua News,BEIJING
2020-06-20 19:42

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BEIJING, June 20 (Xinhua) -- Lock-up shares worth about 452.9 billion yuan (about 64 billion U.S. dollars) will become eligible for trade on China's bourses next month.

The volume will be the highest since January when lock-up shares worth about 551 billion yuan became tradable, according to data from financial information provider Wind.

A total of 16.42 billion shares from 129 listed companies in China's A-share market will be freed up for trading in July.

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