Dim sum bonds

Dim sums won't be bite-size thanks to China's might

China's vice-premier gives the green light for mainland companies to issue dim sum bonds, while the Ministry of Finance holds a Rmb20 billion bond auction.
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Li Keqiang toasts to Hong Kong's continued prosperity (AFP)
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<div style="text-align: left;"> Li Keqiang toasts to Hong Kong's continued prosperity (AFP) </div>

If there was any doubt about China’s commitment to the dim sum bond market, it was dispelled yesterday during a symbolic visit to Hong Kong by vice-premier Li Keqiang.

Widely tipped to be China’s next premier, Li is in Hong Kong for a three-day visit and took the opportunity to promise continued support for the development of the offshore renminbi bond market and give the official green light for mainland companies to issue dim sum bonds. He also indicated that China will expand the issuance of Treasury bonds.

“Mainland Chinese companies have gotten an official green light to issue offshore renminbi bonds,” said Donna Kwok, an economist...

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