China’s small-medium banks meet structured deposits first-stage downsizing requirements

Banks offering structured deposits in China have scaled down the balance of these products on their books, to meet the ‘window guidance’ requirement set up by the regulator in June, according to the latest data released by the People’s Bank of China. The figure which represents 69.7% of structured deposits from corporate clients and 30.1% from retail investors, shows a continued drop of CNY562.7 billion from a month ago. Meanwhile, the balance of structured deposits held by t