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Lock-up shares worth 46.2 billion yuan eligible for trade

Xinhua, April 2, 2017 Adjust font size:

Lock-up shares worth about 46.2 billion yuan (about 6.91 billion U.S. dollars) will become eligible for trade on the Shanghai and Shenzhen stock exchanges in the coming week.

About 10.67 billion shares will become tradable from April 5 to 7, according to RoyalFlush Information, a financial information service provider.

BOE Technology Group, a device display producer, is set to unlock 9.92 billion non-tradable shares, the largest volume to be released.

Under China's market rules, major shareholders have to wait one to two years before they are permitted to sell their shares.

The benchmark Shanghai Composite Index went up 0.38 percent to 3,222.51 points Friday. The smaller Shenzhen index closed 0.78 percent higher at 10,428.72 points. Endi