Top Dim Sum Arrangers See Sales Drop as Panda Bonds Grab Share

  • Offshore issuance to fall as much as 40 billion yuan: HSBC
  • Yields are higher in Hong Kong than Shanghai as yuan slumps

The biggest underwriters of Dim Sum bonds are braced for a second year of declining business as the opening up of China’s capital markets gives global borrowers access to lower onshore interest rates.

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