BEIJING, Nov. 24 (Xinhua) -- The value of lock-up shares set to become eligible for trading on China's bourses in December will rise to this year's second highest on record.
The Shanghai and Shenzhen stock exchanges will see unlocked shares worth more than 412 billion yuan (about 60 billion U.S. dollars) in the next month, only slightly lower than the value in January, according to Wind Info, a financial information provider.
That total value, coming from 232 listed firms, is nearly triple that of November.
Under China's market rules, major shareholders must wait one or two years before they are permitted to sell their shares.
Chinese shares closed lower Friday, with the benchmark Shanghai Composite Index down 2.49 percent to 2,579.48 points.
A single purchase
