China gives boost to 'dim sum' bonds

A taste for dim sum

Hong Kong's 'dim sum' market is generating interest

In a visit to Hong Kong in August, China’s vice-premier Li Keqiang and governor of the People’s Bank of China, Zhou Xiaochuan, unveiled a series of proposals which, for the first time, will open up the country’s non-financial companies to the international debt arena. Key to the development was the creation of a 50 billion yuan ($7.84 billion) quota for local companies to issue renminbi bonds in Hong Kong, split evenly between financials and non-financials.

While the announcement came at the

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