Closed shares , with a total market value of about 66.51 billion yuan (about 9.66 billion US dollars), will be eligible for trading on the two mainland stock exchanges next week.

Data from Shugobao, a financial information provider operated by Securities Times, showed that four companies will each see more than 5 billion yuan worth of shares released for trading, with Faw Jiefang Group Co. Ltd. ranked first with closed shares worth about 26.2 billion yuan becoming tradable.

Under Chinese stock market rules, major shareholders must wait one to two years before they are allowed to sell their shares.

The two Chinese stock exchanges closed higher last Friday, with the benchmark Shanghai Composite Index rising 0.45 percent to 3,327.65 points, and the Shenzhen Composite Index rising 0.85 percent to 11,967.74 points.