China Engineers Mammoth Monday Stock Rally

If you thought Friday was a blockbuster day for Chinese equities, you hadn't seen anything yet, because on Monday, the Shanghai Composite had its best day since March of 2016. Friday's rally came despite disappointing GDP data and amid an aggressive effort to jawbone markets higher. The joint effort involved CSRC imploring local governments to avoid exacerbating the risk of liquidated collateral in pledged-share deals, the China Banking and Insurance Regulatory Commission reiterating the