Search
 

Appetite for Dim Sum Bonds Revives

London emerges as second trading hub for bonds, after Hong Kong.

By Rebecca Brace | Updated on September 26, 2012
Ashish Malhotra of Bank of America Merrill LynchThis time last year China’s nascent dim sum bond market was a roaring success story, but how has the market fared over the last 12 months?

Dim sum bonds are bonds denominated in the Chinese renminbi, or yuan, but issued outside of the Chinese mainland. They’re also known as CNH bonds—CNH is the symbol for renminbi traded outside of China.

The first dim sum bonds were sold in 2007 by Chinese financial institutions, but the market didn’t really take off until 2010, when the People’s Bank of China removed restrictions that had barred certain types of issuer from the market. Chinese corporates began issuing dim sum bonds, and in August 2010, McDonald’s became the first foreign corporate issuer, with a 200-million-renminbi bond.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2025 ALM Global, LLC. All Rights Reserved.