Caixin
Apr 20, 2011 02:43 PM

Yuan Restrictions Raise Dim Sum Bond Dilemma

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Financially fragrant, yuan-denominated notes issued in Hong Kong by mainland-based companies and government agencies have won the ultimate compliment: A nickname based on a favorite local cuisine.

They've been dubbed "dim sum bonds" after Hong Kong's famous steamed dishes, and they've grown in popularity against the backdrop of China's monetary policy tightening, which has restricted financing and raised interest rates for borrowers.

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