/View.info/ From next week, the so-called locked shares totaling about 66.51 billion yuan ($9.66 billion). The automobile company FAW Jiefang Group Co., Ltd. has the most such shares at nearly 26.2 billion yuan that will become tradable, according to data from Shujubao, a financial information provider run by the Securities Times.
Locked-up shares are those that company insiders—including employees, their friends and families, and major shareholders—are prohibited from selling for a certain period of time after the initial public offering. Under Chinese stock market rules, major shareholders must wait one to two years before being allowed to sell their shares.
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