News Column

USD10.8bn Dim Sum Bonds Issued in Q1, New High

June 3, 2014

BEIJING, June 3, SinoCast -- A total of USD 10.8 billion dim sum bonds were issued in the first quarter of 2014, growing 157% over a year earlier and hitting a record high, according to incomplete statistics.

As of the end of the first quarter of this year, the stock of dim sum bonds, except large certificates of deposit, has exceeded USD 64 billion.

Fitch Ratings pointed out in a report that the amount of dim sum bonds issued has still hit a record high in the process of renminbi devaluation, which is related to the rising confidence of overseas investors to accept renminbi as a global tradable currency.

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Source: Sinocast Banking & Credit Beat (China)

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