China stocks rebounded on Wednesday, as fears of a liquidity squeeze in the banking system subsided after risks from a bond scandal appeared contained, and on a pledge to deepen reforms in State-owned sectors.

The blue-chip CSI300 index rose 0.9 percent, to 3,338.54 points, while the Shanghai Composite Index gained 1.1 percent to 3,137.43 points, both snapping a two-session losing streak.

Investors relaxed after Sea-land Securities, a brokerage embroiled in a scandal, said on Wednesday it would take responsibility for forged bond agreements.