Latest News:  
Beijing   Overcast/Moderate rain    9 / 12 ℃  City Forecast

English>>China Business

Chinese shares unlocked for trade in November

(Xinhua)

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.

News we recommend:
"Made in China":Charming the World "Made in China":A Boon for the Masses "Made in China":A Blessing for Businesses
"Made in China":The Bitter Blessing From 'Made in China' to 'Created in China' [Special]'Made in China' Revisited
Rediscovering the Awakening Dragon:The Not-so-good Old Times   Rediscovering the Awakening Dragon:High on the Agenda Rediscovering the Awakening Dragon: The Cultural Transformation

Email|Print|Comments(Editor:厉振羽、张洪宇)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Aircrafts to perform in Zhuhai Air Show

  2. Weekly review of military photos

  3. Unforgettable moments in October (III)

  4. Hospitals to prevent theft of babies

  5. 50,000 gay people attended parade

  6. Exporters note the drag of US, Japanese

  7. Hottest night markets around the world

  8. Don't regard youself as useless

Most Popular

Opinions

  1. Japan should face up to wrongdoing
  2. Hillary Clinton is the dominator of U.S. foreign policy
  3. Woes leave legacy we can be thankful for
  4. Asian Americans are x factor in U.S. swing states?
  5. Understanding key to Sino-US relations
  6. Kindergarten abuse cases becoming major worry
  7. Reform required for China's economic growth
  8. External markets crucial for business success
  9. Fears that yuan rise will hit exports unfounded
  10. Tax reform crucial to stable growth

What’s happening in China

Clearing away the fog of doubt

  1. 5-year-old tumbles from 19th floor
  2. China vows more tolerance for juvenile offenders
  3. Snake eaters warned as the 'year of' approaches
  4. China to build 100 intelligent bases for the old
  5. Hospitals to prevent theft of babies