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More lock-up shares eligible for trade

Xinhua, April 17, 2016 Adjust font size:

Lock-up shares worth about 28.9 billion yuan (4.45 billion U.S. dollars) will become eligible for trade on China's stock market in the coming week.

The value is larger than the previous week's 15.3 billion yuan.

Nearly 1.96 billion shares from 25 companies will become tradable on the Shanghai and Shenzhen stock exchanges from Monday to Friday, according to brokerage Southwest Securities.

China Eastern, one of the country's top three airlines by market value, will see the unlocking of 699 million non-tradable shares worth about 4.34 billion yuan on Monday, the largest group of shares to hit the market during 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 are permitted to trade. Endi