BEIJING, March 12 (Xinhua) -- Lock-up shares worth about 58.3 billion yuan (about 8.4 billion U.S. dollars) will become eligible for trade on the Shanghai and Shenzhen stock exchanges this week.
About 4.6 billion shares will become tradable from March 13 to March 17, according to Wind, an information service provider.
The value of the shares that will be tradable is higher than the 18.4billion yuan that became tradable in the previous week.
Heilan Home Co., Ltd. is set to unlock 2.96 billion non-tradable shares, the largest volume to be released next week.
Under China's market rules, major shareholders have to wait one to two years before they are permitted to sell their shares.
China's benchmark Shanghai Composite Index lost 0.12 percent to close at 3,212.76 points Friday. The Shenzhen Component Index climbed 0.29 percent to finish at 10,451.01 points.
A single purchase
