FX rates remained the underlying asset most favoured by Chinese retail investors.

The SRP China database registered 1,162 tranches of retail structured deposits issued in December 2024, almost flat compared to the prior month . Monthly issuance of structured deposits sold to retail investors in 2024 (unit: tranches) Source: SRP Underlyings , payoffs The s pot gold price traded against the US dollar (XAU/USD) continued to dominat e the retail structured deposits’ underlying league, with 338 newly-issued products tracking the asset in December . Structured deposits