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38-bln-yuan in lock-up shares eligible for trade in China
Lock-up shares worth 37.5 billion yuan (6.13 billion U.S. dollars) will become eligible for trade next week on the Chinese mainland.
The volume marks a huge rise from the 30 billion yuan seen from Dec. 16 to 20, according to information from the Shanghai and Shenzhen stock exchanges.
Altogether, 20 listed companies on the two stock exchanges will see their lock-up shares released to capital markets next week.
Under the mainland's market rules, major shareholders of non-tradable stocks are subject to one or two years of lock-up before they are permitted to trade.
[Source: Xinhua, Beijing, 22Dec13]
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