China state banks buying shares to prop up battered stockmarket

I posted earlier that you could expect the 'national team' in China to be in on the bid in stocks:

• Early indications from Chinese stock markets are the Shanghai Comp will open 1.5% lower. You can expect to see China's 'national team' buying stocks today to prop it up.

State banks have been on the bid doing just that. Feel free to insert 'manipulation' comments down below 'cause you may very well have a point ;-)

Shanghai Comp update:

Chinese stocks opened lower due to the weekend protests:

• COVID - Protests erupt across China: "Step down, Xi Jinping! Step down, Communist Party!"