Asia Risk Congress 2011: Offshore renminbi bonds held back by illiquidity in longer tenors

Investors and issuers remain concerned about China's capital account liberalisation programme, and their ability to hedge longer-term risk

Hong Kong protection

The fledging offshore renminbi bond market in Hong Kong – whose instruments are dubbed 'dim sum' bonds – is being held back by a lack of longer-tenor issuance, according to speakers on a panel discussion at the Asia Risk Congress 2011 today.

At the moment, the market is focused on maturities of three to five years, which means few Hong Kong blue-chip companies are tempted to tap the 158 billion yuan (US$24.7 billion) outstanding bond market.

Part of the reason for lower long-term issuance is the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here