By Zheng Buchun

The prices of most stocks listed on the A share market rose on Wednesday with SSE Composite Index up 1.11% to 3137 points, Shenzhen Composite Index up 0.74% to 1996.03 points, SMEs board up 0.70% and growth enterprise market 0.65%. The trade volume on Shanghai Securities Exchange and Shenzhen Securities Exchange also goes up significantly.

Last week, central bank of China injected billions to ease liquidity strain, benefiting not only A shares but also bond futures. Yesterday, bond futures rose significantly with some even up to the daily limit. With central bank's protection, many investors may think they are finally at the end of the tunnel.

However, as the stock prices stabilize, it's highly possible that money will be withdrawn from the market. Because yuan keeps depreciating, market strain may continue for a long time. Investors cannot expect too much rebound on the A share market. On the contrary, you may take the chance to downsize your positions. 

(Zheng Buchun is NBD's columnist)