Locked shares worth $8.6b eligible for trade

BEIJING — Some 6.14 billion locked shares will become eligible for trade on the Shanghai and Shenzhen stock exchanges in the coming week.

The shares are worth about 55.72 billion yuan ($8.6 billion), down 33.44 percent from the past week calculated with Friday closing prices, according to data from two stock exchanges.

The peak of unlocked shares will fall on Monday, with 34.89 billion yuan of shares from 17 companies to become tradable, data showed.

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

Chinese shares rose for a sixth consecutive trading day on Friday. The benchmark Shanghai Composite Index was up 0.18 percent to end at 3,391.75. The Shenzhen Component Index closed 0.01 percent higher at 11,342.85.