Taiwan’s financial regulator said on Thursday it is planning to ease rules for local companies to sell yuan-denominated bonds, a move aimed at catching up with Hong Kong’s “dim sum bonds” market.

The Financial Supervisory Commission (FSC) will likely waive credit ratings on Taiwan firms who want to issue the RMB bonds, said an official of the securities and futures bureau, which is under the FSC.

No other details or timetable were available, said the official, asking not to be identified as she’s not authorised to speak to media.