Dim Sum / CNH Yield

CNH-denominated bonds, highest yield first.

Offshore renminbi (CNH) fixedincome markets present compelling totalreturn opportunities for institutional allocators seeking diversification outside of developedmarket debt, driven by distinct macroeconomic tailwinds supporting the Chinese currency complex. The highlighted financial sector allocation, specifically the ZHAPIE 2.45% April 2029 maturity, offers a yieldtoworst of 1.952% at a current cash price of 101.21, reflecting solid credit fundamentals and steady demand within the Dim Sum complex. Professional portfolios can leverage these onshorelinked offshore instruments to capture attractive relative value and currencyhedged yield premiums, enhancing overall portfolio carry in an evolving global interest rate environment.