Lock-up shares worth 85.06b yuan eligible for trade

Lock-up shares worth 85.06 billion yuan ($13.88 billion) will become eligible for trade on China's stock markets in the next week, markedly down from this week.

A total of 5.1 billion shares from 26 companies will be tradable on the Shanghai and Shenzhen stock exchanges from March 16 to 20, down from 207.42-billion-yuan shares unlocked this week, data from Wind Info showed on Saturday.

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.

China CSR Corp Ltd will see non-tradable shares worth 17.64 billion yuan become tradable on March 20, the largest amount of such shares to hit the stock market in the period.

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Chinese stocks closed higher on Friday, with the benchmark Shanghai Composite Index up 0.7 percent to finish at 3,372.91 points.