Dim Sum / CNH Yield

CNH-denominated bonds, highest yield first.

The offshore renminbi (CNH) fixedincome landscape presents compelling crossborder yield opportunities for institutional portfolios navigating shifting monetary policy dynamics across major global economies. As mainland liquidity conditions remain accommodative, investors are increasingly turning to Dim Sum bonds to capture attractive onshorelinked returns while diversifying currency risk. Within this sector, highquality credit offerings continue to draw strong institutional demand, providing a strategic entry point for fixedincome desks seeking stable coupon income. For instance, the financial sector remains a cornerstone of the offshore market, offering robust credit profiles backed by resilient balance sheets and systemic importance. Standout issues such as the ZHAPIE 2.45% maturing in April 2029 exemplify the current value proposition, delivering a yieldtoworst of 1.947% at a price of 101.22. These pricing dynamics reflect healthy secondary market liquidity and offer professional investors an efficient vehicle to optimize duration and portfolio yield in the offshore yuan space.