The Soviets don't have to attempt a full-scale invasion of Manchuria in order to exert influence on it. They can call the Japanese out on the 9-18 Incident and move in to "assist" the local Chinese forces*.The Japanese Kwantung Army was rather small at the time and it was feared that the Japanese civilian government would not give the invasion the needed reinforcement. A big enough engagement that ends in the rout of Kuantung forces might well be enough to send the IJA packing.
This would be an embarrassment to the impotent League of Nations which was all bark and no bite. Given Stalin's cautious approach to international affairs, he probably wouldn't do anything rash like break Manchuria off of the Republic of China or set up a communist government there. Zhang Xueliang, the local warlord, was already a KMT man. There would be nothing to gain from ousting him and a lot to lose. Like any self-respecting warlord, despite being nominally loyal to the KMT and Chiang Kai-shek, Zhang wanted more power for himself. By assisting him the Soviets could turn him into an ally of sorts. Keeping Zhang Xueliang in place as a strong semi-independent regional power would serve Soviet interests by providing a counter to Chiang Kai-shek.
For Stalin, the growth of the puny CCP wouldn't really factor into his plans for China, so assuming Zhang Xueliang doesn't prove totally incompetent in the long term, the communists probably won't find any easy ways to expand in Manchuria, unless after a few years the Soviets decide to destabilize Zhang's regime a bit. In any case, the CCP will likely be crushed by the KMT sometime in the late 30s, because...
...with the IJA having suffered a decisive defeat at the hands of the Soviet Union, and having its plans for Manchuria go down the toilet, there's no way they're going to try anything major in China proper. Some sort of "Strike South" plan might still be attempted in the hopes of securing land and resources for the Japanese empire**, but with some luck the Japanese may be able to weather the waves of the Great Depression for long enough until TTL's WWII, at which point it can do what it did in WWI and sell logistical goods to the Allies. With this economic upturn, the militarists would become less relevant as a viable political force and would slowly fade into the background. This would be a very good thing for Japan in the long term.
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*= IOTL, instead of resisting the Japanese, the Manchurian warlord army withdrew to south of the Great Wall to preserve its strength. One PoD for the Soviet intervention scenario could be that the decision to fight back against the Japanese is made instead.
**= If the Japanese military still plans and executes some variant of the "Strike South" plan to fulfill their imperial ambition, something akin to the OTL Pacific War is in order, with Japan being defeated and occupied by Americans.