lt•Vil"11J 14,d adL r:rion.ion • I •, ,, I • PBoC has significantly tightened money market rates to curb shadow banking and asset speculation Shan•hai interbank offered rate fixing - 1 month lu.0CU0 S. 01-..r.:0 7.3330 6.0000 4.0000 2.0000 2009 2010 2011 2012 I 2013 2C SHIF1M Index (Sh