BEIJING, Nov. 18 (Xinhua) -- A total of 7.7 billion lock-up shares will become eligible for trade on China's stock market next week, according to Wind Info, a financial information provider.
Shares to be unlocked on the Shanghai and Shenzhen bourses during Nov. 19 to 23 will be worth 55.96 billion yuan (about 8.1 billion U.S. dollars), an increase from the previous week.
Transfer Group will see 2.32 billion shares become tradable next week. A number of companies including Shandong Xinchao Energy Corporation Ltd. will see more than 500 million shares become tradable.
Under China's market rules, major shareholders must wait for one to two years before they are permitted to sell their shares.
Chinese stocks closed higher on Friday, with the benchmark Shanghai Composite Index up 0.41 percent, closing at 2,679.11.