The increasing use of equity underlyings signals a diversification away from FX exposure

The SRP China database registered 1,124 retail structured deposits with strike dates in April, a six percent decrease compared to March. The overall sales volume of retail structured deposits was estimated at US$16.2 billion in April, down 14% month-on-month (March 2026: US$18.8 billion). China: monthly issuance of retail structured deposits between April 2025 and April 2026 Source: SRP The structured deposit balance figure for retail investors in April stood at CNY1.48 trillion, slightly l