62.5 billion shares of Restricted G ban China will enter "Ming Zhuang" Time.

<P> Market analysis, G Unit all Restricted Shares lifted, China will enter the "Ming-chong," Times </ P> <P> Over time, the first G shares will be restricted shares in 2006 to lift restrictions .on June 17 kicked off. .Results show that, as of December 31, 2006, a total of some 198 G Unit selling restricted shares will lift restrictions, in accordance with the April 4, 2006 closing price estimates (excluding restricted shares price in excess of minimum commitments shareholders .stock closing price the day more than 5% of the shares), there will be a maximum limit of the market value of 62.533 billion sale of shares to lift the restrictions. .</ P> <P> from last year's "May Day" split share structure reform launched it has been almost 12 months, more than half of the share reform process. .According to the provisions of the share reform, under normal circumstances, shares 12 months after completion of reform, G Shares restricted shares held by 5% the proportion of shareholders will be free to sell the stock, while holding more than 5% reduction of restricted shares can not exceed .5% of the total share capital; share reform after the completion of 24 months, holding more than 5% of the cumulative reduction of restricted shares can not exceed 10% of the total share capital; all Restricted Shares then thawed. .</ P> <P> from the statistical data we can see that, in theory, the pilot lifted the company's restricted shares selling pressure reached a maximum size of the market value of 24.227 billion yuan, and most concentrated in August or so. .</ P> <P> from the time point of view, 6,7 have a company lifted the ban in January, March, respectively G, G Zijiang; September 3 companies ban, Yes Yes G were agricultural products, Weixing ., Yongxin shares, selling less stressful. .August had 32, and 10 months there have been 27, and 11 months there have been 70, December 64 companies lock-up period. .8,10,11,12 months were 23.687 billion yuan, 10.864 billion yuan, 10.915 billion yuan, 15.075 billion yuan of stock market value of lock-up period. .But in reality, it is difficult to determine what point in time the listed companies choose to sell. .</ P> <P> from the company point of view, G CITIC, G livelihood, G long power, G Pearl, G Vanke's selling pressure. .Of course, the reality is, the stock selling pressure may be mainly concentrated in the number of poor fundamentals, there is no competition for a controlling stake, high valuation of stocks; has equity listed companies compete for the leading type, good fundamentals, the estimated .reasonable value of the stock or undervalued, and may even appear the case of shareholder redemption backhand. .</ P> <P> G shares of restricted shares after the lifting of the ban, there will be considerable changes in market structure, the existing shareholders of restricted shares will become the main market of the super-fund became the largest "retail", will enter China's stock market ."Ming-chong" era. .</ P>.