Governor of the People's Bank of China (PBC) Zhou Xiaochuan (2nd L) and PBC deputy governors Yi Gang (2nd R), Pan Gongsheng (1st L) and Fan Yifei (1stR) give a press conference on the financial reform and development on the sidelines of the fourth session of the 12th National People's Congress in Beijing, capital of China, March 12, 2016. (Xinhua/Xue Yubin)
From a mid-term perspective, the dim sum bonds would have a nice future, China's central bank governor Zhou Xiaochuan said on Saturday. [Special coverage]
Dim sum bonds are issued out of China but denominated in the Chinese yuan. Some argued that such bonds started to lose appeal in recent months.
It was due to fluctuations of the yuan's value against the U.S. dollar, and that would be temporary, Zhou said at a press conference on the sidelines of the annual parliamentary session.
"In mid-term, dim sum bonds enjoy a good future. In general, the bonds market, onshore or offshore, has a significant room for expansion," Zhou said.
