Dim sum bond

From ACT Wiki
Revision as of 16:51, 15 November 2017 by imported>Doug Williamson (Correct and remove out of date material.)
Jump to navigationJump to search

A bond denominated in Chinese renminbi, but issued and settled outside the People's Republic of China.

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.


See also