China's overnight Shibor interbank rate rises Friday
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The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost on China's interbank market, rose 40.1 basis points to 2.431 percent Friday.

The seven-day Shibor increased 20.1 basis points to 2.6 percent, while the two-week rate was up 10.9 basis points to 2.518 percent.

The one-month Shibor grew 0.5 basis point to 2.656 percent, the three-month rate was flat at 2.749 percent, and the six-month rate declined 0.4 basis point to 2.854 percent.

The nine-month rate decreased 0.3 basis point to 2.955 percent, and the one-year rate remained unchanged at 3.063 percent.

Shibor is a simple, no-guarantee, wholesale interest rate calculated by arithmetically averaging all the interbank RMB lending rates offered by the price quotation group of 18 commercial banks with a high credit rating, with the four highest and four lowest quotations excluded.

Author： 　　　Source：xinhua　　　 Editor：Yang Fan