19 August 2019

Nearly 200 bln yuan GEM Board stock seen unlocked 1H, paper says

A total of 199.87 billion yuan (US$32.96 billion) worth of A-shares listed on the Growth Enterprise Market Board (GEM board) will get unlocked and be eligible for trade in the first half of this year, the China Securities Journal reported Monday. Some analysts had warned earlier that the unlocked shares could face a sell-off amid concerns over weak company performance and high valuations. In January, 160.87 yuan worth of shares will be unlocked overall in the Chinese markets, involving 97 firms, the report said, adding that about of those will be GEM board entities.

– Contact HKEJ [email protected]



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