$2.2b locked-up shares eligible for trade in China

BEIJING, Oct 23 (Xinhua): Locked-up shares worth about 14.838 billion yuan (2.2 billion U.S. dollars) will become eligible for trade on the Shanghai and Shenzhen stock exchanges in the coming week.

About 1.01 billion shares from 24 companies will become tradable on the exchanges from Oct. 24 to 28, according to RoyalFlush Information, a financial information service provider.

Jiangsu Hengli Hydraulic Co., Ltd. will see the unlocking of 383 million shares worth nearly 5.316 billion yuan, the largest group of locked-up shares to hit the market.

Under China's market rules, major shareholders of non-tradable stocks are subject to one or two years of lock-up before they are permitted to sell.