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More lock-up shares eligible for trade in China this week

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Staff Writer | October 15, 2018
Lock-up shares worth about 19.86 billion yuan (about 2.88 billion U.S. dollars) will become eligible for trading on China's bourses next week.
China central bank
Asia   About 3.02 billion shares will become tradable
About 3.02 billion shares will become tradable on the Shanghai and Shenzhen stock exchanges during October 15-19, according to information service provider Wind Info.

In the previous week, shares worth 15.36 billion yuan became tradable.

Under China's market rules, major shareholders must wait for one to two years before they are permitted to sell their shares.

Chinese shares closed mixed Friday, with the benchmark Shanghai Composite Index up 0.4 percent to close at 2,702.3 points, while the Shenzhen Component Index closing 0.02 percent lower at 8,322.36 points.