Lock-up shares worth ¥60.8bn to become tradable

Lock-up shares worth around 60.8 billion yuan (9.9 billion U.S. dollars) will become eligible for trade on China's stock market in the coming week.

Nearly 2.65 billion shares from 28 companies will become tradable on the Shanghai and Shenzhen stock exchanges from Monday to Friday, data from Southwest Securities showed on Sunday.

The People's Daily Online, also known as people.com.cn, will see the unlocking of 330 million non-tradable shares worth 21.18 billion yuan on Monday, the largest volume to be released next week.

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.