China’s structured deposit balance shrinks in low-rate environment

The average monthly structured deposit balance in China in the first half of the year dropped roughly 11% year-on-year (YoY) to CNY4.4 trillion (US$619 billion), according to data compiled by the People's Bank of China (PBOC). Because of the falling interest rate, many retail investors no longer find parking their money into structured deposits attractive Large state-owned commercial banks – which consist of the ‘Big Four’ leaders Industrial and Commercial Bank of China, Ch