To be eligible for inclusion in the ETF, RMB Bonds must have an amount outstanding of greater than or equal to 750 million RMB and a minimum of six months remaining to bond maturity.
Since first being introduced in 2010, the issuance of dim sum bonds is increasing rapidly due to the growing amount of RMB that is now circulating in the global economy.
And if that trajectory indicates that over the course of a year the RMB has appreciated a certain amount that is more in line in economic fundamentals, then I -- hopefully not only will that be good for the U.S. economy, that will also be good for the Chinese economy and the world economy.