China Guangfa Bank has expanded the issuance of its structured deposits linked to commodities as well as the underlying variety of its product range in response to tightened regulations introduced this year.

The Chinese bank has brought to market 75 commodities-linked structured deposits during the past year, and introduced a number of uncommon underlyings such as palm oil, methanol, zinc, nickel, egg, coal, soybean and sugar. This is a significant increase in activity compared to 2019 ( 12 products  issued) and 2018 ( two products  issued), all of which were tied to gold, SRP data shows. The expansion shows an attempt to offer more diverse underlyings for both structured deposits and s

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