Tian Weidong

This will surely benefit the leading companies in the industry as their market shares are bound to rise, my estimate is in two years the overcapacity will be gone.

Further slides would accelerate the stampede. by Tian Weidong

Further slides would accelerate the stampede.

The market is back to normal, investors can buy and sell as they wish. Under the circuit breaker mechanism, the market was suffocated.

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Retail investors took profit and sold shares of securities, banks and other blue chip companies, which weighed on the composite index, yet the correction seemed modest, indicating the overall market sentiment is warming.

Many investors have become very cautious and are looking for a reason to take the profits they have already earned.

You need a vibrant stock market to push forward economic reforms, whether it's about asset securitisation or industry consolidation, with such a policy backdrop, investors are emboldened to stay in the market.

The premier's remarks are really encouraging, investors have nothing to fear now because the message is that if economic growth continues to slow, there will be more stimulus measures.

The market has been rising for the past few days and today we are seeing the trend continue among large caps, although the ECB announcement is good news, Chinese investors are cautious leading up to the weekend, particularly after last Friday's crackdown.

Bank shares are still relatively undervalued and have the potential to continue rising so they are likely to further rebound.