The Chinese bank has collected nearly CNY400m (US$62m) from structured deposits linked to the country’s first multi-asset quantitative investment strategy (QIS) index which features ESG filters.

The new custom index, the Minsheng ESG Overseas Allocation Index (民生银行海外ESG资产轮动指数), known as ‘MSMEGA’, is administered and hedged by Société Générale.   Following the first strike on 10 September, China Minsheng Bank (CMBC) has issued 12 tranches of the structured deposits with a bull call spread, five of which generated a US$28.3m notional while the remaining are CNY-denominated.   In China, the ‘carbon neutrality’ polic

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