In addition to the global issuers, the offshore subsidiaries of Chinese companies have also issued dim sum bonds.

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Chicken feet, also called Phoenix paws by the Chinese, are a valued delicacy in Cantonese dim sum.

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Dim-sum bonds have been the Chinese government's most visible effort to allow its currency to trade outside the country.

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These days Mr. Schoenfeld, one of the country's foremost experts on Chinese cuisine, is the proud co-owner of RedFarm, a popular dim sum restaurant in Manhattan's West Village.

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For the buyers, obtaining a higher interest rate than is available from bank deposits, as well as the ability to purchase a yuan-denominated security and to benefit from the appreciation of the Chinese currency that many expect in the coming years are the main attractions of dim sum bonds.

FORBES: Dim Sum Anyone?

Provided that the issuer receives approval from Chinese regulators to repatriate the yuan that it raises, the issuer may use the proceeds from the sale of dim sum bonds to meet its obligations in China.

FORBES: Dim Sum Anyone?