#加密生态动态追踪 Offshore Renminbi Hong Kong Interbank Offered Rate diverged on December 16. The 1-year HIBOR slightly declined to 1.92242%, the lowest since November 6 — indicating that market liquidity has indeed eased. In contrast, the overnight rate rose by 3 basis points to 1.41591%, suggesting short-term funding remains tight. The 1-week rate rose to 1.56424%, approaching late November highs; the 2-week rate fell back to 1.57242%.

What does this interest rate structure reflect? Short-term liquidity pressures still exist, but medium- to long-term funding costs are gradually easing. For assets like $BTC and $ETH, which are highly sensitive to global liquidity, changes in offshore RMB interest rates often signal subtle shifts in market risk appetite.