China Market Review, June 2022: 62% rise in issuance YoY

Compared to the first half of 2021, issuance in H1 2022, at 3,272 products, increased by 62%. Bank of China and China Merchants Bank, the most active issuers, account for 69% of the market of structured deposits in China covering 36% and 33%, respectively. Some 624 products matured during the month with approximately CNY65.2 billion outflow of capital released back onto the market. Roughly 32% of the maturing products were structures linked to currency pairs that were issued by Bank of China.