Jun
14
China’s Debt Crackdown Helps Revive Flagging Dim Sum Bond Market
By-
Harder to borrow onshore as authorities slow approvals: BOCI
- Strength of yuan this year has helped attract investors
Dim Sum bonds could be returning to fashion, as tougher financing conditions in China and strength in the country’s currency push companies to issue debt offshore.
Sales of the bonds, which are yuan-denominated notes issued offshore, total 54 billion yuan ($8.5 billion) this year, already 17 percent more than all of 2017, data compiled by Bloomberg show. That puts Dim Sum issuance on track to reverse a three-year downtrend from its peak of 298 billion yuan in 2014, before a currency devaluation jolted confidence in the Chinese currency…
China’s Debt Crackdown Helps Revive Flagging Dim Sum Bond Market
