Hong Kong’s overnight interbank yuan borrowing rate, or the yuan Hibor, shot up to its highest level since February on Wednesday. Photo: AFP

Hibor surges to 7-month high ahead of Mid-Autumn Festival

Some traders suggest PBOC targeting yuan shorts, while others say jump shows a lack of liquidity, as banks work to keep yuan reserves at safe levels

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Hong Kong’s overnight interbank yuan borrowing rate, or the yuan Hibor, shot up to its highest level since February on Wednesday. Photo: AFP
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