Dim sum bond

---

title: "Dim sum bond" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["bonds-in-foreign-currencies", "renminbi"] description: "Eurobond in Chinese renminbi" topic_path: "general/bonds-in-foreign-currencies" source: "https://en.wikipedia.org/wiki/Dim_sum_bond" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0

::summary Eurobond in Chinese renminbi ::

Dim sum bonds are bonds issued outside of China but denominated in Chinese renminbi, rather than the local currency. They are named after dim sum, a popular style of cuisine in southern China. They are a type of eurobond.

Unlike panda bonds, dim sum bonds are issued in the offshore market for offshore RMB.

History and use

The first dim sum bond was issued by the China Development Bank in July 2007. Until July 2010, only Chinese and Hong Kong banks could issue renminbi-denominated bonds; deregulation led to the development of an offshore market in renminbi and the internationalization of dim sum bonds. The bonds became more popular as foreign companies sought yuan-denominated assets as the renminbi appreciated in 2011. Although the major market for dim sum bonds is Hong Kong, China Construction Bank became the first Chinese bank to issue a renminbi denominated bond in London in November 2012. This followed similar issues by non-Chinese banks like ANZ, HSBC and Banco do Brasil earlier in the year.

35.7 billion yuan in dim sum bonds were issued in 2010 and 131 billion in 2011.

The first foreign-issued dim sum bond by a nonfinancial company was announced on August 19, 2010 and issued on September 16, 2010 by McDonald's. On 5 November 2013, British Columbia finance minister Mike de Jong reported a successful placement of Chinese RMB$2.5bn in dim sum bonds, listed January 14, 2014 on the Luxembourg Stock Exchange. The issue was five times oversubscribed.

Some Indian companies participate in the dim sum bond market, one of them being IL & FS Transportation networks (a subsidiary of the giant lender IL & FS Financial Services).

In October 2025, the Indonesian government issued 6 billion yuan of dim sum sovereign bonds.

Sources

References

1. Fion Li. (15 November 2011). "'Dim sum bonds' are fueling China's currency rise". [[The Washington Post]].
2. "CDB to issue 5 bln yuan RMB bond in HK". gov.cn.
3. Michael Schuman. (15 February 2011). "Is the Chinese yuan becoming a rival to the dollar?". [[Time (magazine).
4. (26 October 2011). "Bank of China Beats HSBC as Dim Sum Market Opened: China Credit". [[Bloomberg Businessweek]].
5. Wang Liwei. (5 November 2013). "Canadian Province Issues Offshore Yuan-Denominated Bonds". [[Caixin.
6. (27 September 2018). "IL&FS Jumps by Record in Dim Sum Bond Market on Hope of Support". Bloomberg Quint.
7. (25 October 2025). "Indonesia Issues First Yuan-Denominated Bonds Worth $842 Million". Jakarta Globe.

::callout[type=info title="Wikipedia Source"] This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page. ::