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Lock-up shares worth 57.6 bln yuan eligible for trade

Xinhua, June 14, 2015 Adjust font size:

Lock-up shares worth 57.6 billion yuan (9.4 billion U.S. dollars) will become eligible for trade on China's stock markets next week.

A total of 2.04 billion shares from 23 companies will be tradable on the Shanghai and Shenzhen bourses from June 15 to 19, data from Southwest Securities showed.

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 trade.

Chengtun Mining Group Co.,Ltd. will see non-tradable shares worth around 5.16 billion yuan become tradable on Tuesday, the largest amount of such shares to hit the stock market next week.

Chinese shares closed higher on Friday, with the benchmark Shanghai Composite Index up 0.87 percent to finish at 5,166.35 points. Endi