More lock-up shares eligible for trade

Lock-up shares worth about 6.8 billion yuan (one billion U.S. dollars) will become eligible for trade on China's stock market in the coming week.

The value is smaller than the previous week's 41.2 billion yuan.

More than 553 million shares from 16 companies will become tradable on the Shanghai and Shenzhen stock exchanges from June 6 to June 10, according to brokerage Southwest Securities.

Ningxia Xinri Hengli Steel Wire Rope Co. Ltd. will see the unlocking of 200 million shares worth about 2.5 billion yuan on Monday, the largest group of the week.

Under China's market rules, major shareholders of non-tradable stocks are subject to one or two years of lock-up before their shares can be traded

source : xinhua