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China's central bank will drain 83 billion yuan ($12.9 billion) from the money markets through 28-day bond repurchase agreements on Tuesday.
China's stock market continued to tumble Tuesday by opening 2.33 percent lower amid growing market fears of a double-dip recession after US credit rating downgrade.
Chinese equities plunged on Monday as the US credit rating downgrade jolted financial markets amid fears that the global economy may be heading back into recession.
China's stock index futures closed lower on Monday with the contract for August, the most actively traded, down 3.58 percent from the previous day to 2,796.2 points.
China's Ministry of Finance (MOF) on Monday launched the roadshow for a 20 billion yuan bond issue in the offshore yuan bond market in Hong Kong.
Hong Kong stocks lost 455.57 points, or 2.17 percent, at 20,490.57 on Monday.
The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, fell 41.74 points, or 4.54 percent, to 877.44 on Monday.
China's stocks tumbled Monday after Standard & Poor's lowered the US debt rating to AA+ with a negative outlook. The benchmark Shanghai Composite Index slumped 3.79 percent to close at 2,526.82.
New Century Hotel Group Ltd plans a $400 million initial public offering in Hong Kong in September, Reuters reported.
Chinese shares plummeted at midday Monday following the United States' loss of its credit rating from Standard & Poor's. The benchmark Shanghai Composite Index tumbled 3.68 percent to 2,529.88.
Shanghai copper opened sharply lower on Monday after the downgrade of US credit ratings by Standard & Poor's over the weekend.
China sold Japan's medium- and long- term debt for the first time in nine months in June.
