Feb 6 Reuters Chinese equities headed for their biggest gains in 14 months on Tuesday and the yuan rose on further signs of state support for markets and a news report that President Xi Jinping was set to discuss markets with financial regulators.

Bloomberg News reported the China Securities Regulatory Commission plan to update top leaders on market conditions as soon as Tuesday. China state fund Central Huijin Investment said on Tuesday it has expanded its scope of investment.

The bluechip CSI 300 index rose more than 3. Here are analyst and investor views on the market action

NICK FERRES, CHIEF INVESTMENT OFFICER, VANTAGE POINT, SINGAPORE

It39;s still far from convincing, but you stop panicking when the policymakers start to panic.

They39;re at least acknowledging that they no longer can stomach the downside…you can see waterfall type collapse in prices … again that was probably a reason for policymakers to panic.

KHOON GOH, HEAD OF ASIA RESEARCH, ANZ, SINGAPORE

I think today, it39;s very clear the authorities have come out wanting to put a stop to the rot, particularly just before the Lunar New Year holiday.

The news flash about President Xi talking with financial regulators about the stock market … it39;s also another signal that the President himself is taking this matter seriously.

I don39;t think this is very common, and timing wise you have to suspect that it is really geared towards trying to instil confidence and stop the decline in the equity…