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The moves are aimed at offsetting impacts from factors including taxation peaks and financial institutions' deposits of required reserves, according to the central bank.

The move is part of Huawei's broader effort to offset the fallout of the US administration's ban on the world's second-largest smartphone vendor and the world's largest telecom equipment maker.

The move comes as part of the action plan for 2018 to 2020, which was recently published online by Guangdong's leading group for advancing the Guangdong-Hong Kong-Macao Greater Bay Area construction, boasting a total of 100 key measures.

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The money is already appropriated and in the Infectious Disease Rapid Response Reserve Fund, he said, and the CDC will have full discretion to use the money for epidemiological endeavors, screening, public awareness, staffing and educating local and state officials. 

The move is among several programs in the country's drive to develop a nationwide social credit system that Beijing expects to roll out by 2020, experts said.

The move sent ripples through international markets, and on Monday it also drove down stock prices of US semiconductor companies that sell chips to Huawei.

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The most active crude oil contract for September 2020 delivery was down 0.8 yuan (about 11 cents) to open at 290.6 yuan a barrel.

The nation's financial regulators announced more measures to facilitate the opening process, including removing the requirements for a three-month capital lockup period for Qualified Foreign Institutional Investor (QFII) and for RMB Qualified Foreign Institutional Investor (RQFII) redemptions.

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The move will also help prevent legal risks, resolve disputes and improve operations, management and decision-making based on rule of law, as well as provide solid legal protection for the development of the private economy, he said.

The nation's plan to cultivate around 600 small, highly specialized world-market leaders in three years will help it make breakthroughs in core industrial components, experts said on Tuesday.