8 Comments
 

Do you mean the CNH aka Dim Sum bonds that are traded in HK or the CNY bonds that are only in the Mainland?

Too late for second-guessing Too late to go back to sleep.
 
brandon st randyDo you mean the CNH aka Dim Sum bonds that are traded in HK or the CNY bonds that are only in the Mainland?
Either, but preferably mainland. My understanding is that you have to pay a premium for the Dim Sum bonds, correct or incorrect?
 
Best Response
buddyfox1987
brandon st randyDo you mean the CNH aka Dim Sum bonds that are traded in HK or the CNY bonds that are only in the Mainland?
Either, but preferably mainland. My understanding is that you have to pay a premium for the Dim Sum bonds, correct or incorrect?

Premium relative to what? To buy CNY bonds as a foreign investor you are subject to the RQFII quota although they are taking steps to make more of these type of assets available. Why do you limit yourself to RMB denominated ones? Most recently Many Chinese companies actually prefer to issue U.S denominated bonds in the international market where they get lower yields than dim sums bonds.

Too late for second-guessing Too late to go back to sleep.
 
brandon st randy
buddyfox1987
brandon st randyDo you mean the CNH aka Dim Sum bonds that are traded in HK or the CNY bonds that are only in the Mainland?
Either, but preferably mainland. My understanding is that you have to pay a premium for the Dim Sum bonds, correct or incorrect?

Premium relative to what? To buy CNY bonds as a foreign investor you are subject to the RQFII quota although they are taking steps to make more of these type of assets available. Why do you limit yourself to RMB denominated ones? Most recently Many Chinese companies actually prefer to issue U.S denominated bonds in the international market where they get lower yields than dim sums bonds.

I meant relative to the main land issued bonds. I want RMB denominated mainly for the currency appreciation potential, assuming they relax the peg over time.

Pardon my ignorance, but what is RQFII? Is this what makes them difficult to own for foreigners?

 

Google is your friend. Also I dont recommend buying Chinese bonds based on expectation of RMB appreciation alone. Many of the issuers are problematic (much like the Chinese companies that went public abroad) and might start experiencing distress shortly.

Too late for second-guessing Too late to go back to sleep.
 

Nisi voluptatem non omnis eos impedit nobis quia. Non porro officia autem ipsam quam. Harum dolor vel quia ipsum.

Commodi tempora eaque fuga. Earum non sequi dicta quibusdam. Dolorem assumenda rem omnis sunt est numquam eos. Ex adipisci amet officiis nostrum.

Et et culpa et in. Dolorem facere enim tempore sit corrupti. Expedita vitae dolor nisi incidunt voluptatum id dignissimos. Ut reiciendis ipsa quibusdam aperiam necessitatibus quia. Molestias recusandae iusto ducimus dolorum ut.

Voluptatem similique dicta quidem adipisci id aspernatur. Nisi qui laboriosam perferendis earum. Alias tempora et in perferendis odio nostrum porro.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
CompBanker's picture
CompBanker
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”