Dim Sum / CNH Yield

CNH-denominated bonds, highest yield first.

Dim Sum bonds are renminbidenominated notes issued offshore in Hong Kong, giving international investors exposure to Chinese credit without relying on onshore channels. This screen ranks them by yield, highest first, to isolate the most compensated paper in the segment. The leading name is ZHAPIE 2.45% 23 April 2029, a Chinese financialsector issuer priced at 101.17 for a 1.957% yield to worst. Trading above par, its yield to worst sits below the 2.45% coupon, so the premium paid compresses returns to maturity. With only one bond clearing the screen, the theme is narrow, and the case rests on shortdated carry from a financial issuer rather than diversification across names. Relative value is best judged against broader CNH and offshore RMB curves, where the pickup on this paper should be compared with alternatives of similar maturity.