HSBC China has launched two structured deposits tied to its new HSBC Vantage Z Index (USD) Excess Return, which is designed to serve Chinese high-net-worth investors by including China equities as a component.
The two-year products are offered to HSBC Jade clients who maintain total relationship balance of at least CNY6.2m (US$0.9m) with the bank, and require a minimum investment amount of CNY1m. Through the deposits, the UK bank aims to cover more comprehensive multi asset classes, and also adopt a daily volatility control mechanism with an aim to curtail the downside. This would help achieve attractive returns within the volatility target, Jenny Wang, head of customer value management and marketing