China’s small-medium banks meet issuance restrictions

As a whole, the group of banks has met the requirement to decrease the issuance of structured deposits by the end of 2020 to two-thirds of the level recorded at the end of 2019 , according to the latest data released by the People’s Bank of China (PBOC). The figure, which represents 66.3% of structured deposits from corporate clients and 33.7% from retail investors, is a continued drop by 28.7% quarter-on-quarter when the Chinese banks were required to reduce their structured deposit issu