The development of the domestic bond market on mainland China can be found in Chen, Mazumdar and Surana (2011 Chen, A. H., Mazumdar, S. C., & Surana, R. (2011). China’s corporate bond market development. Chinese Economy, 44(5), 6–33. doi:10.2753/ces1097-1475440501[Taylor & Francis Online] , [Google Scholar]).

For landmark Dim Sum Issues, see Fung, Ko, and Yau (2014 Fung, H. G., Ko, G., & Yau, J. (2014). Dim sum bonds: The offshore renminbi (RMB)-denominated bonds. New Jersey: John Wiley.[Crossref] , [Google Scholar], Chapter 6).

In this article, the Dim Sum bond sample refers to Dim Sum bond issues that are not certificates of deposit (i.e., non-CD issues). The data used in this article are compiled by the authors from Bloomberg.

Kaisa defaulted on coupon payments for its offshore U.S. and RMB bonds, and at the time of this writing, approval for a revised debt restructuring proposal was still pending.