Dim Sum / CNH Yield

CNH-denominated bonds, highest yield first.

The offshore renminbi bond market continues to present selective opportunities for fixedincome investors seeking geographical diversification and alternative yield drivers outside of core G7 currency markets. Amid shifting monetary policy dynamics across major economies, highgrade Chinese credit offers a compelling anchor for portfolios looking to lock in yields before potential global rate cuts fully materialize. Leading the current screening is the financial sector offering, highlighted by the ZHAPIE 2.45% maturing in April 2029, which delivers a yield to worst of 1.949% at a price of 101.20, representing an attractive entry point for institutional buyers targeting onshoreequivalent stability through offshore issuance.