Lock-up shares worth 65.5b yuan to become tradable

BEIJING -- Lock-up shares worth about 65.5 billion yuan (about $9.67 billion) will become eligible for trade on China's bourses in the coming week.

About 6.3 billion shares will be freed up for trading from Oct 12 to 16.

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

Chinese stocks closed higher Friday, with the benchmark Shanghai Composite Index up 1.68 percent at 3,272.08 points. The Shenzhen Component Index closed 2.96 percent higher at 13,289.26 points.