Hang Seng China has issued its first structured deposit linked to Hang Seng Tech Index ETF, which covers the top 30 technology companies listed on the Hong Kong Stock Exchange (HKEx) by market value.

The product, under the ‘Asian up and out 步步盈’ series, which is aimed at bolstering the Hong Kong-Mainland cross listing market, struck on 23 September following a two-week subscription period. It has a lifespan of two years with the minimum investment of CNY50,000 (US$7,363). The two-year series, one of seven types of structured deposits with full capital protection offered by the bank, typically have a knockout call with a strike level of approximately120% and a knockout payout of&

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