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Lock-up shares worth 54.2b yuan eligible for trade

The value of lock-up shares becoming eligible for trade on China's stock market this week totals 54.2 billion yuan ($8.8 billion), [Businesses Registration] according to data from two stock exchanges.

The volume is up by 28.9 billion yuan from the previous week. A rise in newly unlocked shares will likely put some downward pressure on the market due to the increase in stock supply.

Lock-up shares from 19 listed companies on the Shanghai and Shenzhen stock exchanges will be released to the capital market.

Home developer CFLD will see non-tradable shares worth 21.4 billion yuan become tradable on Monday, [Hong Kong Company Formation & Registration]the largest amount of such shares to hit the stock market next week.

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 trade the shares.

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