The Shanghai Pudong Development Bank (SPDB) has rolled out its first multi-asset quantitative investment strategies (QIS) index with ESG elements, in a respond to China's carbon neutrality commitment.

Launched on 12 October, the SPDB Global ESG Index ( 浦银北极星 ESG 指数 )  was available to Chinese retail investors via two tranches of structured deposits with a bull call spread structure. Their issuance amount reached nearly CNY50m (US$7.8m), a spokesperson told SRP. With a 12-month tenor, both tranches have an expected annualised return of 0.3% to 5.38% and a participation rate of 63.51% with the upper and lower barriers set at 106% and 98% of the strike price, respectively. The minimum inve

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