High-yield dim sum is back ... but investors want pandas

State Grid Corporation of China issues Rmb14.9bn dim sum bonds

Hong Kong's dim sum bond market has been growing strongly over the past 36 months.

August 18, 2026

FA at 30: How dim sum bonds unlocked liquidity without opening China’s capital account

Issuances for offshore Rmb bonds now exceed Rmb1 trillion -- transitioning from a policy ambition to a commercial solution in less than two decades. Christopher Chu examines the trend, which started in 2007, as part of FA’s 30th anniversary coverage.

February 10, 2026

Dim sum bond issuance builds momentum towards ‘record year’

Corporate issuances are increasing in the offshore Renminbi bond market, despite challenges around rates, liquidity and diversification; Hong Kong is poised to benefit.

September 16, 2025

Central Asian issuers broaden funding with dim sum bonds, sukuk

The Eurasian Development Bank and Kazakhstan’s Samruk-Kazyna have tapped the offshore Renminbi market, while Uzbekistan has struck its first sukuk listing on AIX.

October 23, 2026

Shenzhen issues Hong Kong and Macau bonds in sustainability push

As GBA ties grow, Shenzhen's government has issued Rmb4bn of bonds in Hong Kong, and Rmb1bn via a Macau sustainable bond.

September 11, 2026

Kazakhstan taps Renminbi bond market

The issuance of a sovereign panda bond, in addition to a dim sum bond from the Development Bank of Kazakhstan, will give the country Renminbi benchmarks.

September 15, 2026