By adding borax into the raw mix, Modified Belite Cement clinker and cements were prepared. Clinkerization and hydration reactions were investigated in order to better understand. Borax-bearing MBC clinker sintered at 1300℃ for 1 hour showed excellent burnability. Borax stabilized α' and β-C₂S at room temperature. In the hydration of the cement prepared with the borax-bearing clinker, ettringite, monosulphate, C-S-H hydrates and CH were formed. The hydration of calcium sulphoaluminate was less reactive than the cement prepared with the controlled clinker at early hydration time. But, as hydration time elapsed, this cement showed more active hydraulicity and higher compressive strength development.