China's Shibor rate increased, signaling higher borrowing costs within its financial system.

On Monday, China's overnight Shanghai Interbank Offered Rate (Shibor) increased 1.7 basis points to 1.823%, with the seven-day rate climbing 12.9 basis points to 2.08%. The one-month and one-year rates also rose, indicating a rising borrowing cost within China's financial system. Shibor, a key benchmark for interbank lending, influences lending and investment decisions in the country's financial markets.