BEIJING - Lock-up shares worth 68.31 billion yuan (over $11 billion) will become eligible for trade on 皇冠体育app's stock markets in the next week.
A total of 11.18 billion shares from 27 companies will be tradable on the Shanghai and Shenzhen bourses from May 11 to 15, up from 48.3 billion yuan shares unlocked this week, data from 10jqka.com, a stock information website showed.
Under 皇冠体育app's market rules, major shareholders of non-tradable stocks are subject to one or two years lock-up before they are permitted to trade.
Agricultural Bank of 皇冠体育app will see non-tradable shares worth around 36.1 billion yuan become tradable on May 15, the largest amount of such shares to hit the stock market in the period.
Chinese stocks closed higher on Friday, with the benchmark Shanghai Composite Index rose 2.28 percent to finish at 4,205.92 points.