Dim sum flurry as investors show appetite for bonds

After a slow year compared to dollar bonds, the dim sum market enjoys a burst of late activity.

Dim sum flurry as investors show appetite for bonds

Borrowers completed a flurry of dim sum bonds last week, including Agricultural Bank of China, China Construction Bank, Beijing Capital Land and Volkswagen, breaking a pause in dim sum issuance.

With diminished expectations of renminbi appreciation, the dim sum market has had a slower year compared to the dollar market, but the latest burst of activity suggests that dim sum investors still have appetite for new issues as the year winds down.

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