Lock-up shares worth 31.3 bln yuan to become tradable

Lock-up shares worth 31.3 billion yuan (4.8 billion U.S. dollars) will become eligible for trade on China's stock market next week.

About 4 billion shares from 22 companies will become tradable on the Shanghai and Shenzhen bourses, data from Southwest Securities showed.

Beijing Jingneng Power Co. Ltd., listed on the Shanghai Stock Exchange, will see non-tradable shares worth around 14.1 billion yuan become tradable next week, the largest amount to hit the market.

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. Endit