China’s Dim Sum Bond Boom Extends in Boost to Yuan Ambition

Issuance of offshore yuan bonds rose to another record, a fresh sign of Beijing’s progress on internationalizing its currency as the dollar’s appeal weakens.

Sales of the so-called dim sum notes have totaled about 870 billion yuan ($123 billion) so far this year, already surpassing 2024’s unprecedented full-year tally and marking an eighth consecutive year of expansion, Bloomberg-compiled data show.