SRP looks at some of the top issuers of non-leverage structured products across Asian markets in the first half of 2022, which features high volatility.

China SRP has registered 2,352 structured products issued by a group of 11 local and foreign banks in China in H1 22, the majority of which were structured deposits. Bank of China topped the league table by issuance – the largest Chinese bank by market cap marketed 997 structured deposits, featuring payoffs such as range accrual, digital and shark fin. With a typical tenor of less than one year, the products are linked to a total of eight FX pairs led by EUR/USD and USD/JPY. Next in li