Lock-up shares worth 31.3 bln yuan eligible for trade

Lock-up shares worth 31.3 billion yuan (5.1 billion U.S. dollars) will become eligible for trading on China's stock markets during the next week.

A total of 2.76 billion shares of 22 companies will be tradable on the Shanghai and Shenzhen stock exchanges, representing 0.62 percent of lock-up shares in China's A share market.

The volume surged 172 percent as against last week.

Shares of Phoenix Publishing and Media were the highest valued with 20.01 billion yuan of shares coming online on Monday.

Chinese shares realized remarkable performance in the past trading week. The benchmark Shanghai Composite Index soared 1.99 percent Friday to finish at 2,682.84 points. It continued a 6-day winning streak and closed 7.9 percent higher for the week, the best since mid-October 2010.