The USD three-month Libor topped the underlying list in the first half of this year as products linked to the interest rate raised the largest sales volume. The majority of the products were structured deposits sold in China.
A total of 782 products tracking the USD three-month Libor raised a sales volume of US$26.6 billion to make up a market share of over 13%, according to SRP data. The products exclude non-retail, flow and others and have strike dates between January 1 and June 30 2019. The majority of the products were distributed in China. The sales volume of 750 products came in at US$26.4 billion. While Shenzhen Ping An Bank was the largest distributor in terms of product issuance, China Minsheng Bank raised
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