Feb. 7, 2007 (China Knowledge) – The share price of CITIC Securities, China’s biggest publicly-traded brokerage, rose RMB 2.57, or 7.7%, to RMB 35.94 after the China Securities Regulatory Commission lifted a two-month suspension on the issuance of new funds.

The CSRC had in December suspended the issuance of new mutual funds because of an excessive amount of liquidity in the market. But after two months, the CSRC approved five new funds that plan to raise at least RMB 30 billion, a sign that the CSRC is adopting a positive attitude towards the current market level.

The Shanghai and Shenzhen 300 Index, which tracks RMB-denominated A-shares listed on China's two exchanges, rose 63.95, or 2.8%, to 2379.99 as of 11:13 a.m. today.