Chinese bonds reflect nation's financial opening-up
By Chen Jia | China Daily | Updated: 2019-06-17 08:07
Mention panda bond, and another bond pops up in mind. Not "Bond, James Bond", but the dim sum bond, named after Cantonese cuisine's popular food.
Like the panda bond, the dim sum bond is a yuan-denominated debt instrument issued by foreign investors. While panda bonds are issued on the mainland markets, dim sum bonds are issued in offshore markets.
The China Development Bank made the first dim sum bond issuance in Hong Kong in 2007, two years after panda bonds debuted.
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