The XAU/USD remains dominant underlying pair in the Chinese structured deposit market last month, with product issuance amount increasing.
The Chinese market has seen some 708 structured deposits issued in March, up from 629 in the prior month, according to SRP data. Forex exchange (FX) continued to dominate the most-used asset class, with Gold (XAU) traded against the US dollar (USD) as the most favoured underlying that was constructed among 285 structured deposits last month, an increase from 246 XAU/USD-linked products issued in February . China Merchants Bank issued 279 of which last month, followed by