Over 28% of the structured retail deposits issued last month track the exchange rate gold (XAU) to US dollar (USD) pair.
SRP database registered 1,107 structured retail deposits issued in China in November, up from 812 issuances seen in the previous month. Underlyings, payoffs FX rates continued to be the most featured asset class structured deposits bought by Chinese retail investors, led by products tracking the gold (XAU) to US dollar (USD) exchange rate which saw 317 issuances last month, similar to the prior month’s trend. Source: SRP The latest issuances stemmed from two domestic banks: China Mer