The performance of structured deposits in China continues to go down after the products’ balance broke a CNY12 trillion ($1.73 trillion) record in April, which prompted concerns from regulators over arbitrage, bad debt and 'fake structures'.
The data originates from a report from Rong360 published on Monday 10 August. There were 563 structured deposits issued in July, of which 521 are denominated in Chinese yuan and 42 are in US dollars, the report reads, citing data the research firm collected from major state-owned banks. The CNY products posted an average expected highest return of 3.75% in July, the lowest this year and down 18bps from June. The figure was 1.36% less than the 5.11% in March. For the leading state-owned b
Continue reading with a subscription to the SRP market intelligence platform.
Request DemoAlready a subscriber? Login