Lock-up shares worth 19.3 bln yuan become tradable

Lock-up shares worth around 19.3 billion yuan (3.15 billion US dollars) will become eligible for trade on China's stock market in the coming week.

Approximately 1.97 billion shares from 19 companies will become tradable on the Shanghai and Shenzhen stock exchanges from Monday to Friday, data compiled by Southwest Securities showed on Sunday.

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.

The value of shares becoming tradeable this week is up significantly from the 9 billion yuan worth released last week.

Senyuan Electric Co., a Henan-based electrical device manufacturer, will see 4.33 billion yuan of non-tradable shares unlocked on Wednesday, the largest volume to be released next week.