The number of structured deposit issuance rose in April, with the XAU/USD and EUR/USD product issuance doubling year-on-year. Also, Japan’s benchmark Nikkei 225 index-linked products emerge in the Chinese market.
The SRP database registered 832 structured deposits issued in China in April , up from 708 in the prior month. The latest number also reflected a 61% issuance growth year-on-year, as during the same period of last year 514 products were issued in the Chinese market . The most active issuer and distributor in April was Bank of China (266 products/US$31.6bn) followed by China Merchant Bank (325 products/US$4.8bn) and China Construction Bank (11 products/US$4.6 bn). Around 88% of the 832