China’s Ministry of Finance announced the it will sell US$3.1 billion worth of renminbi-denominated “dim sum” bonds in Hong Kong this month, its third and largest offering in the territory’s emerging offshore renminbi market, the Wall Street Journal reported. Analysts see the move as an effort to revitalize Hong Kong’s dim sum market, in which new bond issues have recently slowed after a spurt earlier this year. The issue could also help determine a benchmark yield curve for other debt offerings, by providing a less-risky security by which to price alternatives. “This round of sovereign bond issue will significantly increase the supply of yuan-denominated bonds and will likely attract more demand,” said Dariusz Kowalcyzk, senior strategist at Credit Agricole (ACA.Euronext).