Lock-up shares worth 16.7 bln yuan eligible for trade

Lock-up shares valued at about 16.7 billion yuan (about 2.74 billion U.S. dollars) will become eligible for trade on Chinese mainland's stock market in the coming week.

The volume rose from 8.9 billion yuan for the previous week, data from the Shanghai and Shenzhen stock exchanges showed on Sunday.

Altogether, lock-up shares from 20 listed companies on the two bourses will be released to the capital market.

Jiangsu Hengli High-Pressure Oil Cylinder Co., Ltd. will see non-tradable shares worth about 5.15 billion yuan become tradable on Oct. 29, the largest amount of such shares to hit the stock market in the week.

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.