Index roundup: Interest rate-linked product sales on the up

The figure stood at over US$87 billion at the end of 2017, up from US$42.1 billion a year ago, according to SRP data. The biggest chunk of the increase came from the products that were issued in China, with the country alone posting a sales volume of US$67.7 billion. Most of the products were tracking the USD 3-month Libor rate and were distributed by Ping An Bank, a subsidiary of Ping An Insurance – China’s largest insurer by market value. The sales volume in South Korea – a