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Chinese shares unlocked for trade in November


08:27, October 30, 2012

BEIJING, Oct. 29 (Xinhua) -- Chinese shares will be unlocked for trade in the country's equity markets in November, creating additional pressure for investors who are worried about the slowing economy.

According to the Shanghai and Shenzhen stock exchanges, more than 190 billion yuan (30.16 billion U.S. dollars) worth of shares in 74 listed companies will be tradable on the markets next month.

This marks the second-largest amount of shares released for trading in a month this year.

The expiries of the lock-up periods of initial and additional offering shares will free 185.29 billion yuan of shares. The country's reform of non-tradable shares will contribute to 4.77 billion yuan worth of newly tradable shares, according to data from brokerage firm Southwest Securities.

The market value of the newly tradable shares surged nearly 82 percent from that seen in October, according to Southwest Securities.

Of the 74 companies, the newly tradable shares in Jiangsu-based liquid maker Yanghe Inc. reached 45.08 billion yuan in market value, according to Monday's closing prices.

The combined daily turnover of shares in Shanghai and Shenzhen stock exchanges remained weak at around some 70 billion yuan in the past trading days.

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