File photo shows an exterior view of the Shanghai Stock Exchange at Pudong New Area in Shanghai, east China. (Xinhua)
BEIJING, April 2 (Xinhua) -- Lock-up shares worth around 17.4 billion yuan (about 2.5 billion U.S. dollars) will become eligible for trade on China's bourses next week.
During this period, nearly 467 million shares will become tradable on the Shanghai and Shenzhen bourses, according to data from financial information provider Wind.
Under China's stock market rules, major shareholders must wait for one to two years before they are permitted to sell their shares.
The aggregate market value of these shares is calculated with their closing prices on March 31, the previous trading day.
Chinese stocks closed higher on Friday, with the benchmark Shanghai Composite Index up 0.36 percent to 3,272.86 points. The Shenzhen Component Index closed 0.64 percent higher at 11,726.4 points.
A single purchase
