Lock-up shares worth 2.4 bln USD eligible for trade

The value of lock-up shares becoming eligible for trade on China's stock market this week totals nearly 15billion yuan (2.4 billion U.S. dollars).

Altogether, lock-up shares from 11 listed companies on the Shanghai and Shenzhen stock exchanges will be released to the capital market, about 11.7 billion yuan in Shanghai and about 3.2 billion yuan in Shenzhen.

Under China's market rules, major stockholders are subject to one or two years of lock-up before they are permitted to trade their shares.