Lock-up shares worth 21.4 bln yuan to become tradable
People's Daily
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File photo: CGTN

BEIJING, May 24 (Xinhua) -- Lock-up shares worth about 21.4 billion yuan (about 3.02 billion U.S. dollars) will become eligible for trade on China's bourses in the coming week.

The volume was down 68.57 percent from the previous week, according to data from financial information provider Wind.

About 718 million shares from China Shipbuilding Industry Company Limited and 482 million shares from China Zheshang Bank will be freed up for trading.

Under China's stock market rules, major shareholders must wait for one to two years before they are permitted to sell their shares.

Chinese stocks closed lower on Friday, with the benchmark Shanghai Composite Index down 1.89 percent, at 2,813.77 points. The Shenzhen Component Index closed 2.22 percent lower at 10,604.97 points.