Date
19 October 2017

About 37.5 bln yuan shares to be unlocked this week, Xinhua says

About 37.5 billion yuan (US$6.13 billion) worth of shares from 20 companies will be unlocked and be available for trading on the Shanghai and Shenzhen stock exchanges this week, Xinhua news agency reported over the weekend, citing the bourses. The newly unlocked shares are expected to put some pressure on the market as some institutional investors are said to be seeking to cut their holdings to lock in profits, the report said.

– Contact HKEJ at [email protected]

KZ/AC/RC

 

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