HONG KONG, Sept 14 Hong Kong's overnight yuan
borrowing rate on Wednesday was fixed at the
highest level in seven months.
The CNH Hong Kong Interbank Offered Rate benchmark (CNH
Hibor), set by the city's Treasury Markets Association (TMA),
was 8.16167 percent for overnight contracts. It was 2.838
percent on Tuesday.
Traders said the elevated offshore yuan borrowing rates in
the past few days were due to tight liquidity in the market and
rumours that China took action to raise the cost of shorting its
(Reporting by Michelle Chen; Editing by Jacqueline Wong)