China's overnight Shibor interbank rate increases Wednesday.

BEIJING -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, increased 16.8 basis points to 1.039 percent Wednesday.

The seven-day rate rose 0.8 basis points to 1.673 percent, the one-month rate edged up 0.2 basis points to 1.949 percent, and the one-year rate rose 0.6 basis points to 2.482 percent.

Shibor is a simple, no-guarantee, wholesale interest rate...