Dim sum bond

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

Initially the issuers were the PRC and Hong Kong banks.

As Chinese restrictions eased somewhat from 2010, Chinese non-financial companies (corporates), foreign banks, foreign corporates and eventually foreign regional governments and sovereigns also made issues.

The offshore Chinese renminbi is known as CNH.

See also