HIBOR, the full name is Hong Kong Interbank Offered Rate, that is, Hong Kong Interbank Offered Rate. The interbank market in Hong Kong offers interest rates in Hong Kong dollars, with terms ranging from overnight to one year. HIBOR is similar to LIBOR (London interbank offered rate). In addition, HIBOR is the benchmark interest rate for borrowers and lenders who directly or indirectly participate in the Asian economy.
Common phrases:
Cnhibor: interbank interest rate; Interbank interest rate; Offshore RMB interbank interest rate; Offshore RMB interest rate
Hong Kong Interbank Offered Rate Futures: Hong Kong dollar interest rate futures overlap; Overlapping of Hong Kong dollar interest rate futures
CNH interbank interest rate fixed: interbank interest rate pricing; Offshore RMB interest rate pricing
Continuous month Hong Kong Interbank Offered Rate Futures: three-month interest rate futures
Hibor C: boron-chlorine mixture
The difference between borrowing and lending
Borrowing is a daily loan, also called borrowing and borrowing. Lending is usually limited to 1-2 days, or more than 1-2 weeks, or the term is agreed in advance. The borrower can return it at any time, and the lender can also notify the borrower to return it at any time, but generally it will not exceed one month at most. Borrowing can be long-term or short-term.
The loan bears interest on a daily basis, which is called interest lending; Interest rates are different every day, even within a day; Interest rate sensitively reflects the supply and demand of capital market. There are two situations of lending: one is that commercial banks lend to each other; The other is the lending of commercial banks to securities market brokers (notice lending).
Interest rate is determined according to the relationship between capital supply and demand in the lending market, which can flexibly reflect the changes of capital supply and demand, and is the most representative interest rate in the short-term financial market. Other short-term loan interest rates are usually determined by comparing the interbank lending rate with a certain range.