This timelast year China's nascent dim sum bond market was a roaring successstory, but how has the market fared over the last 12 months?
Dim sum bonds are bonds denominated in the Chinese renminbi, oryuan, but issued outside of the Chinese mainland. They're alsoknown as CNH bonds—CNH is the symbol for renminbi traded outside ofChina.
The first dim sum bonds were sold in 2007 by Chinese financialinstitutions, but the market didn't really take off until 2010,when the People's Bank of China removed restrictions that hadbarred certain types of issuer from the market. Chinese corporatesbegan issuing dim sum bonds, and in August 2010, McDonald's became the first foreign corporate issuer, with a200-million-renminbi bond.
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 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.
