The total worth of lock-up shares eligible for trade on China's stock market this week will surge from the previous week, according to China's stock exchanges.
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Altogether, 23 listed companies on the Shanghai and Shenzhen stock exchanges will see shares worth 37.1 billion CNY (6.05 billion USD) released to market after lock-up agreements expire.
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The amount more than doubles last week's unlocked shares valued at around 16.1 billion CNY.
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China Resources Sanjiu Medical & Pharmaceutical Co., Ltd., a Shenzhen-listed company, will see non-tradable shares valued at 15.2 billion yuan become tradable, the most among the 23 companies.
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Under China's market rules, major shareholders of non-tradable stocks are subject to lock-up for one or two years before they are permitted to trade.
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The surge in newly unlocked shares will have some downward pressure on the market as it means an increase in stock supply.
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