Sharp rise in lock-up shares eligible for trade

The value of lock-up shares becoming eligible for trade on China's stock market this week will amount to 68.7 billion yuan (11.1 U.S. dollars), according to data from the country's two stock exchanges.

The volume marked a sharp increase from the 13.9 billion yuan seen from July 28 to Aug. 1.

Altogether, 18 listed companies on the Shanghai and Shenzhen stock exchanges will see their lock-up shares released to the capital 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 trade the shares.

Ping An Bank will see non-tradable shares worth 33.6 billion yuan become tradable on Tuesday, the largest amount of such shares to hit the stock market this week.