Various reports on this one, similar to yesterday:
Says Bloomberg:
- insurers have amplified the government put in a way that should reassure retail investors that the bottom is in for mainland equities
- Monday ... the national team …. snapped up blue chips as the main bourses broke below key levels
- The move followed the securities regulator's meeting with analysts from brokerages
- Intervention by state funds coincided with major Chinese insurers, who reportedly bought A shares
- government's infrastructure push is reviving inflation and growth prospects
So, a multi-pronged counter to stock market sellers, also defending 6.9 in USD/CNY
Let's see how successful China is in holding the line on sellers as trade wars escalate.