HIBOR利率：反映香港金融市场的关键指标

中文版

HIBOR利率，即香港银行同业拆息利率，是反映香港金融市场资金供求状况的关键指标。该利率由香港银行公会每日根据市场情况公布，被广泛用于计算各种金融产品的定价和风险评估。

HIBOR利率的变动能够直观地反映香港金融市场的资金流动情况。当HIBOR利率上升时，通常意味着市场资金紧张，银行间的借贷成本增加，这可能导致企业贷款成本上升，进而影响到香港的实体经济发展。相反，当HIBOR利率下降时，通常表明市场资金相对宽松，这将有利于降低企业的融资成本，刺激经济活力。

此外，HIBOR利率还与香港的联系汇率制度密切相关。作为香港金融市场的核心利率，HIBOR利率的变动对港币与美元的汇率稳定起到重要作用。因此，投资者和金融机构都会密切关注HIBOR利率的走势，以便更好地把握香港金融市场的动态。

英文版

HIBOR Rate: A Key Indicator Reflecting the Hong Kong Financial Market

The HIBOR rate, or Hong Kong Interbank Offered Rate, is a crucial indicator reflecting the supply and demand of funds in the Hong Kong financial market. This rate is published daily by the Hong Kong Association of Banks based on market conditions and is widely used for pricing and risk assessment of various financial products.

Changes in the HIBOR rate provide a direct reflection of the flow of funds in the Hong Kong financial market. When the HIBOR rate rises, it usually indicates a tight market for funds and increased borrowing costs among banks. This may lead to higher corporate loan costs, further impacting the real economy of Hong Kong. Conversely, a decrease in the HIBOR rate typically suggests relatively loose market funds, which can help lower corporate financing costs and stimulate economic activity.

Moreover, the HIBOR rate is closely linked to Hong Kong's linked exchange rate system. As the core interest rate of the Hong Kong financial market, the movement of the HIBOR rate plays a crucial role in stabilizing the exchange rate between the Hong Kong dollar and the US dollar. Therefore, investors and financial institutions closely monitor the trend of the HIBOR rate to better grasp the dynamics of the Hong Kong financial market.