SHANGHAI, China -- China's stock regulator said it would soon allow the resumption of fund-raising on the Shanghai and Shenzhen stock exchanges after an 11-month suspension, as the country's reforms to float non-tradable government holdings in listed companies had seen some success.

The China Securities Regulatory Commission said the sequence for the resumption would be private placements, rights shares and then initial public offerings, according to a statement published on its Web site (www.csrc.gov.cn).

China suspended all fund-raising on domestic bourses in last May to support a program to convert $250 billion in non-traded state shares in listed companies into regular traded shares.