A Global Chinese Renminbi Bond Market: The Dim Sum Bond Market☆The views and opinions expressed herein are those of the author (Derrick Tzau) and do not necessarily reflect the views of Rainier Investment Management, Inc. or its employees

Hung-Gay Fung, Derrick Tzau and Jot Yau

A chapter in International Financial Markets, 2013, vol. 13, pp 51-67 from Emerald Group Publishing Limited

Abstract: This chapter provides a review of the Chinese government policies that promote the internationalization of the Chinese currency, the renminbi or RMB, which include the RMB swap arrangements between the central banks, trading of the RMB across different markets, and establishment of the dim sum bond market. In particular, we update the development of the dim sum bond market in terms of the size, amount of the issues, coupon and tenor characteristics, issuers, and investment bankers of dim sum bond issues. The dim sum bond market appears to be a promising global asset class for investors.

Keywords: RMB internationalization; government policies; and dim sum bond market (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:eme:fegzzz:s1574-8715(2013)0000013008

DOI: 10.1108/S1574-8715(2013)0000013008

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