Chinese shares closed higher midday on Monday as the benchmark Shanghai Composite Index rose 1.67 percent, or 52.34 points, to close at 3193.7 points.

The Shenzhen Component Index rose 1.45 percent, or 192.14 points, to close at 13,482.08 points.

Securities companies led the advance in the morning session, following news that China would introduce index futures and margin trading at "appropriate" time.

The index for the securities stocks jumped 4.09 percent as China CITIC Securities, the nation's largest broker, gained 4.27 percent to stand at 30.06 yuan. Another broker Haitong Securities was up 4.5 percent to 18.8 yuan.

Premier Wen Jiabao said in an exclusive interview with Xinhua on Sunday that China would stick to pro-growth economic policies, including its pro-active fiscal policy and moderately loose monetary policy.

"To withdraw macro-economic policies too early will likely ruin the efforts made before and reverse the economic development," Wen said.

Wen's remarks enhanced investors' confidence and the stock market gave a positive response, analysts said.

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