Lock-up shares worth 34.3 billion yuan (5.63 billion U.S. dollars) will become eligible for trading in the coming week in China, according to data from the country's bourses.
Altogether, 28 listed companies on the Shanghai and Shenzhen stock exchanges will see their lock-up shares released to the capital market after the lock-up agreements expire.
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 Co., Shanxi Securities Co., and Qingdao Hanhe Cable Co. will see non-tradable shares worth 8.1 billion yuan, 5.8 billion yuan
and 3.9 billion yuan respectively eligible for trade this