Dim Sum sales freeze amid yuan concerns

Hong Kong

HONG Kong's yuan bond market has ground to a halt as even average yields of almost 6 per cent can't allay global investor concerns over a weakening Chinese currency.

There have been no sales of Dim Sum debt maturing in more than a year since Aug 21, when Credit Agricole CIB raised 800 million yuan (S$177.6 million), according to data compiled by Bloomberg.