Trillions of yuan flow into structured deposits under WMP ban

24 May 2018 | 2 minutes read

Structured deposits are experiencing a new boom in the China market, as more banks use the product offering to substitute for banned guaranteed wealth management products (WMPs), as evidenced by the latest central bank balance of payment report. Banks raised a total of RMB 1.84 trillion of new money through structured deposit products — deposits invested in structured notes — in…

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