Investor sentiment was boosted and Chinese shares bounced back on Friday morning, helping reverse Thursday's deep plunge.
The benchmark Shanghai Composite Index gained 0.69 percent at opening on Friday, and climbed up, albeit unsteadily as investors remained cautious after the turbulence in the previous trading day.
Financial heavyweights and the oil sector performed strongly in Friday's rally and lifted the broader indices up.
CITIC Securities, China's largest brokerage, had gained 1.34 percent by around 10:52 a.m.
Market sentiment was also boosted by an announcement of the China Securities Regulatory Commission (CSRC), which clarified on Friday morning the shift of listing on the ChiNext stock market, the NASDAQ-style board of growth enterprises, from an approval-based mechanism to registration-based one, which has never been publicly discussed.
CSRC spokesperson Deng Ge refuted rumors concerning the overall suspension of the approval mechanism in the ChiNext board by March 1.
The benchmark Shanghai Composite Index plunged 6.41 percent to close at 2,741.25 points on Thursday, the heaviest one-day loss seen in February.
The ChiNext, which suffered the most on Thursday when it dived by more than 7 percent, opened positive, too, on Friday morning.
