China Market Review, June 2023: sales drop 40% MoM, China Merchants leads issuance

Some 629 structured products that collected CNY133 billion in aggregate volume had a strike date in June – down 40% by sales volume month-on-month (MoM). An additional 533 structures matured during the month resulting in CNY194 billion flooding back onto the market for potential reinvestment. The best-performing product was Bank of China’s 人民币结构性存款 2023 年第 125_37 期 /Structured Deposit CNY GRSD14G125_37 . The 19-day deposit, which sold CNY8.8 billion, reached maturity on 10 July. It