(Yicai Global) Jan. 10 -- The reference rates at which Shanghai banks lend unsecured funds to other banks have edged up after China's central bank suspended reverse repurchase for a fourth consecutive day.

The Overnight Shanghai Interbank Offered Rate was up 17.6 basis points at 1.7430 percent. The 7-day rate rose 11.2 points to 2.5870 percent and the 14-day rate increased 2.5 points to 2.5020 percent. The Three-month SHIBOR was down 3.4 points at 3.0310 percent.

The People's Bank of China did not carry out reverse repurchases today, and CNY70 billion (USD10.27 billion) in reverse repos were due to mature, resulting in a net drain of that amount.

 Editor: William Clegg