The broader-than-expected package marks the latest attempt by Chinese officials to restore confidence in the world's second-largest economy after a slew of disappointing data
Monday's reverse repo operation was meant to "keep month-end banking system liquidity conditions reasonably ample," the central bank said in an online statement.
Stocks in Hong Kong, where many of China's biggest companies trade, fell more than 1 percent Monday, while shares in mainland China were down about 0.50 per cent