China stockmarket opening indications - Shanghai Comp to open down 0.5%

Pre-market indications show the Shanghai Comp to open -0.5%

CSI300 index to open -0.6%

Overnight repo rate has risen to a nine-month high

There are extra liquidity demands ahead of and into the lunar new year holiday. I'm assuming that's whats behind this jump in rates (I could be wrong) and I expect more liquidity will be provided (inlikelt to be wrong on this bit though)