At present, China has two sets of interest rates.

First of all, the deposit and loan interest rate refers to the interest rate of borrowing funds between commercial banks and individual or corporate customers. The deposit and loan interest rate is based on the benchmark interest rate of the central bank, and the floating ratio is determined by commercial banks according to the needs of market competition.

The second is the inter-bank market interest rate, that is, the interest rate at which different commercial banks lend money to each other. China began to operate SHIBOR (Shanghai Interbank Offered Rate) from June 5 to/kloc-0 to October 4, 2007, which is called "Shanghai Interbank Offered Rate". At present, Shibor consists of 18 banks with high credit rating. These banks make their own quotations on each trading day, excluding the highest and lowest four quotations, and calculate the average interest rate of the remaining quotations through arithmetic average, which will be released at 1 1:00.

Generally speaking, because Shibor is dynamically adjusted, it can better reflect the relationship between supply and demand of market funds and accurately reflect the cost of funds. The slow adjustment of deposit and loan interest rates often reflects the slow relationship between supply and demand of funds and the slow cost of funds.