BEIJING - Chinese investors are allowed to subscribe for new shares from 30 companies this week, [Hong Kong Company Formation|Hong Kong Company Registration]according to the country's initial public offering (IPO) schedule.

Among those companies, 11 will be listed in the Shanghai Stock Exchange, 2 in the Shenzhen Small and Medium Enterprise Board and 17 in the ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises.

The firms are planning to issue a total of 1.48 billion shares to raise 15.46 billion yuan ($2.52 billion), down from 21.36 billion yuan raised during the IPOs in March, according to data from Wind Information Co, a Shanghai-based financial information provider.

Subscriptions for the new shares are arranged between Monday and Thursday and may lock up a total fund of 2.4 trillion to 2.8 trillion yuan, weighing heavily on the total capital available on the stock market.

Investors' fund for subscribing new shares [Hong Kong company registration]will usually be frozen for three trading days.