Lock-up shares worth 8.7 bln yuan eligible for trade

Lock-up shares worth about 8.7 billion yuan (about 1.29 billion U.S. dollars) will become eligible for trade on the Shanghai and Shenzhen stock exchanges in the coming week.

About 670 million shares from 22 companies will become tradable on the exchanges from November 7 to 11, data from information service provider Wind showed.

The volume was sharply down from the 130.6 billion yuan in shares unlocked this week.

Huawei Culture Co. will see the unlocking of 160 million shares, the largest group of locked-up shares to hit the market.

Under China's market rules, major shareholders of non-tradable stocks are subject to one or two years of lock-up before they are permitted to sell. XINHUA