More lock-up shares eligible
Lock-up shares worth about 47.84 billion yuan ($7 billion) will become eligible for trading on the Shanghai and Shenzhen stock exchanges this week. The amount is 42.09 percent more than last week, according to Zhejiangbased Hithink RoyalFlush Information Network, a financial information provider. Lock-up shares from 34 listed companies will become tradable from July 24 to 28. Electric carmaker BYD Co Ltd is set to unlock shares worth 12.73 billion yuan on Tuesday, the largest from a single company next week. Under China’s market rules, major shareholders must wait one to two years before they are permitted to sell their shares.