Shares in the Shanghai Composite rallied on Monday after the new head of securities regulation promised to pledge support saying that the equity markets will be propped up. The Shanghai Composite rallied 1.80%. The comments came about as over the weekend, China's industrial production numbers and retail sales both grew at a slower pace than expected. Investor confidence however surged following comments from the Chinese regulator. The Yuan however strengthened against the Dollar since Friday with the markets trading tight on Monday. USDCNH closed yesterday with modest gains at 6.4928.