The new China stock, yuan put; supported by government, banks, insurers

Various reports on this one, similar to yesterday:

• Beijing orders banks to boost lending to exporters

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.