More dim sum to come from mainland SOEs

China will put more dim sum bonds on the menu this year, with the new supply of offshore renminbi-denominated debt to include issuance from state-owned enterprises, predicts Moody’s. The rating agency points to China’s desire to encourage greater RMB flows in and out of the mainland, as it gradually moves towards internationalisation of the currency.  Investor appetite waned for dim sum bonds during the summer amid an emerging markets sell-off, with only $505 million of dim sum …