DIM SUM BOND
A bond denominated in Chinese yuan and issued in Hong Kong. Dim sum bonds are attractive to foreign investors who desire exposure to yuan-denominated assets, but are restricted by China's capital controls from investing in domestic Chinese debt. The issuers of dim sum bonds are largely entities based in China or Hong Kong, and occasionally foreign companies. The term is derived from the Chinese cuisine that involves serving a variety of small delicacies and is especially popular in Hong Kong.
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Robert C. Merton
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Admitted Company
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Form 3903
A form issued by the IRS and used by taxpayers to deduct moving expenses related to taking a new job.
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