Sales of dim sum debt may reach 360 billion yuan (HK$ 448 billion) next year as China’s new leaders encourage use of the yuan in financial centres from London to Taipei, HSBC predicts.

Yuan bond and certificate of deposit issuance outside the mainland will rise from 263 billion yuan in the first 11 months of this year as cross-border trade settlement in the currency increases, HSBC, the leading underwriter of such debt, says.