From Beijing Time via China Economic Net:
As China’s stock market is about to enter a complete circulation era, the senior administrative level holding government-owned stock will be able to sell their shares. China will thereby witness emergence of hundreds of rich men and 19 of them will be on the list of billionaires.
Statistics show that this year, restricted shares held by 340 natural persons, totaling 952.79 million shares, will be launched into the stock markets in Shanghai and Shenzhen. According to the closing price last Friday, such restricted shares are valued at 9.25969 billion yuan, tantamount to a per capita share of 27.23 million yuan.[Full Text]
On China recently stock market policy, see China removes ban on initial public offerings
