The amount of short-term capital borrowed by banks in Hong Kong from the authorities rose to the highest level since July, indicating a surge in demand for liquidity at the end of the year. According to the data, the Hong Kong Monetary Authority lent slightly more than HK$3 billion through the discount window on Wednesday. On Wednesday, the overnight Hong Kong interbank interest rate jumped 50 basis points to 4.38%, the highest since September.

The amount of short-term capital borrowed by banks in Hong Kong from the authorities rose to the highest level since July, indicating a surge in demand for liquidity at the end of the year. According to the data, the Hong Kong Monetary Authority lent slightly more than HK$3 billion through the discount window on Wednesday. On Wednesday, the overnight Hong Kong interbank interest rate jumped 50 basis points to 4.38%, the highest since September.