BEIJING, Jan. 26 (Xinhua) -- The value of lock-up shares eligible for trade on China's stock market will drop significantly in the next week, information service provider Wind said.
Shares to be unlocked on the Shanghai and Shenzhen stock exchanges during Jan. 28 to Feb. 1 will be worth 32.28 billion yuan (about 4.75 billion U.S. dollars), down by nearly 40 percent week on week, while the number of the shares will stay stable at 5.38 billion.
Bank of Chengdu will see shares of more than 12 billion yuan tradable on Thursday, the biggest to hit the market during the period.
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 0.39 percent, at 2,601.72 points. The Shenzhen Component Index closed 0.29 percent higher at 7,595.45 points.
A single purchase
