Dim sum bond: Difference between revisions
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imported>Doug Williamson m (Added 1 line space before see also) |
imported>John Grout (To add settlement, be more precise about PRC and refer to current developments.) |
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A bond denominated in Chinese renminbi, but issued outside China. | A bond denominated in Chinese renminbi, but issued and settled outside the People's Republic of China. | ||
Developing from 2007 in Kong-Kong, initially the issuers were PRC and HK banks. As Chinese restrictions eased somewhat from 2010, Chinese non-financial companies (corporates), foreign banks, foreign corporates and eventually foreign regional governments and sovereigns made issues. | |||
The offshore renminbi is known as CNH. | The offshore renminbi is known as CNH. | ||
Revision as of 08:39, 28 August 2014
A bond denominated in Chinese renminbi, but issued and settled outside the People's Republic of China.
Developing from 2007 in Kong-Kong, initially the issuers were PRC and HK banks. As Chinese restrictions eased somewhat from 2010, Chinese non-financial companies (corporates), foreign banks, foreign corporates and eventually foreign regional governments and sovereigns made issues.
The offshore renminbi is known as CNH.
