China's overnight Shibor interbank rate increases Wednesday
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The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, increased 48.1 basis points to 2.278 percent Wednesday.

The seven-day Shibor rose 18.5 basis points to 2.654 percent, while the two-week rate was up 11.6 basis points to 2.566 percent.

The one-month Shibor increased 0.9 basis points to 2.655 percent, the three-month rate was up 0.4 basis points to 2.755 percent, and the six-month rate edged up 0.9 basis points to stand at 2.833 percent.

The nine-month rate went up 0.6 basis points to 2.914 percent, and the one-year rate was up 0.6 basis points to 3.053 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