cal %nth ',cmn.1O11 of liloonther? Fin:m,:e I P • PBoC has significantly tightened money market rates to curb shadow banking and asset speculation Shan hai interbank offered rate fixin. - 1 month 2009 2010 2011 2012 2013 I 20 SHIF1M Index (Shanghai Interbank Offered Rate Fixing - 1 Month) Daily 2