China Citic Bank has further decreased its issuance of structure deposits in the first half of the year as the total outstanding balance at Chinese banks reached a historical low in June.
The corporate balance of structured deposits fell 63.1% to CNY132.1 billion (US$20.5 billion) at the Chinese bank year-on-year (YoY), or down 25% from six months ago, at the end of June. The figure accounted for 3.7% of its corporate deposits, which was a 1.38% decrease YoY and ‘a relatively low level among joint-stock banks,’ the bank stated in its H1 21 financial report. Corporates are the main contributor of structured deposits for joint stock banks in China, which are clas
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