Dim Sum / CNH Yield

CNH-denominated bonds, highest yield first.

The Dim Sum bond market continues to attract institutional fixedincome portfolios seeking offshore renminbi exposure, with current yields presenting tactical entry points for crossborder allocators navigating evolving onshore monetary policy. Within the financial sector, highgrade issuers like ZHAPIE offer investors defensive yield characteristics paired with solid credit fundamentals, highlighted by the ZHAPIE 2.45% maturing in April 2029 trading at a yield to worst of 1.968%. As onshore Chinese yields remain compressed, these CNHdenominated instruments provide compelling relative value and structural diversification for international portfolios looking to lock in predictable offshore cash flows.