Lock-up shares worth 46bn yuan eligible for trade in China

Lock-up shares worth 45.9 billion yuan (7.5 billion U.S. dollars) will become eligible for trade next week in China. The volume marks a modest rise from the 32.6 billion yuan from Feb. 17 to 21, according to information from the Shanghai and Shenzhen stock exchanges. Altogether, 19 listed companies on the two stock exchanges will see their lock-up shares released onto capital markets next week. Under the mainland'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. Of all the companies with non-tradable shares becoming tradable next week, Inner Mongolia Junzheng Energy & Chemical Industry Co., Ltd. ranks first with its non-tradable shares worth 10.6 billion yuan.