Lock-up shares worth about USD 2.5 billion to be tradable on China's stock exchanges next week

In this file photo taken on January 2, 2018 an investor is seen at the stock market in Nanjing, capital of east China's Jiangsu province. PHOTO XINHUA BEIJING - Lock-up shares worth around 17.4 billion yuan are about 2.5 billion yuan and will be eligible for trade on China's bourses next week.

Nearly 467 million shares will be tradable on the Shanghai and Shenzhen bourses during this period, according to data from financial information provider Wind.

Under China's stock market rules, major shareholders must wait a minimum of two years before they can sell their shares.

The closing prices of these shares are used to calculate the aggregate market value of the shares.

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The benchmark Shanghai Composite Index was up 0.36 percent to 3,272 on Friday, with Chinese stocks closing higher. There were 86 points. The Shenzhen Component Index was 0.64 percent higher at 11,726. 4 points.