China to Support Markets as Coronavirus Spreads China injected cash into the financial system Monday

The CSI 300 Index dropped as much as 9.1% as onshore financial markets opened for the first time since Jan. 23.

China’s central bank said it will inject 1.2 trillion yuan ($174 billion) in liquidity into Chinese markets via reverse repo operations on Monday as its stock markets prepare to reopen amid an outbreak of a new coronavirus.

The Shanghai Stock Exchange announced business arrangements on Sunday to support epidemic prevention and control work for the novel coronavirus and prepare for the first trading day after the extended Spring Festival holiday, which falls on Feb 3.