By Zheng Buchun

A-shares rallied Monday and regained the lost ground from last Friday.

As of yesterday, Shanghai Composite closed 0.54% higher at 3,156.98 points and Shenzhen Composite 0.93% higher at 1927.57 points. SME board and ChiNex indexes even surged 0.88% and 1.33%.

The strong performance of A-shares is largely due to the decreasing of IPOs in recently days.

To our surprise, no new stocks are issued on Monday. And only eight are in the waiting list in the reminder of this week. However, it is hard to tell IPO speed simply from the trend of this week. Instead, a longer period is needed.

As the National People's Congress and Chinese People's Political Consultative Conference are around the corner, the stock market is unlikely to experience big fluctuations. However, as China is highly involved in global trade, investors should pay attention to global situations, especially America's.

Though the A-share market is doing well at the moment, investors should be cautious about your positions. If your portfolio is overweight, you'd better downsize it when stock prices are high.

Foreign exchange reserves of January will be released today. It's highly likely to maintain at 3 trillion US dollars. If that holds true, the market may gain more strength.

(Zheng Buchun is NBD's columnist)

Email: tanyuhan@nbd.com.cn