In recent days, CITIC Securities received "the Approval about the Establishment of CITIC Industrial Investment Fund Management Co., Ltd." from the National Development and Reform Commission (NDRC).

Earlier on April 3, CITIC Securities received "the No Comment Letter about the CITIC Securities' Establishment and Management of Mianyang Science Park Industrial Investment Fund" from China Securities Regulatory Commission (CSRC).

According to the direction of NDRC, the registration capital of Mianyang-registered CITIC Industrial Investment Fund reaches RMB100M. Therein, CITIC Securities invests RMB67M or 67% of the total in currency mode.

Meantime, NDRC approved the position qualifications of the senior management level of CITIC Industrial Investment Fund.

CITIC Securities said the registration procedure of CITIC Industrial Investment Fund may be postponed due to the Sichuan earthquake. But the fund-raising of RMB6B Mianyang Fund and follow-on operations will not be influenced substantially.