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27.3b yuan in lock-up shares eligible for trade
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LOCK-UP shares worth 27.3 billion yuan (US$4.43 billion) will become eligible for trading this week in China, according to data from the country's bourses.
The volume marked a decline from the 44.96 billion yuan worth of shares that became tradable last week, according to the Shanghai and Shenzhen stock exchanges.
Altogether, 18.55 billion lock-up shares of 29 listed companies will be released to the capital market after agreements expire, accounting for 0.45 percent of the total lock-up A-shares.
Under China's market rules, major shareholders of non-tradable stocks are subject to one or two years of lock-up before they are permitted to sell their shares.
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