Gold-linked products saw increased momentum in September, while FX rates maintained their dominance.

The SRP database registered 913 retail structured deposits issued in September in China. The issuances in September saw a slight increase from the previous month, when 827 structured deposits were sold in the retail market in China. However, the issuance level is below the 958 products recorded during the same period of last year. China: monthly issuance of retail structured deposits between Sep 2024 and Sep 2025 Source: SRP Underlyings, payoffs FX rates retained their dominance in the mark