China Market Review, April 2022: ESG additions continue to rise

While issuance was down five percent month-on-month (MoM), it increased by roughly 45% compared to the same period the previous year. Some 656 structures matured during the month with approximately CNY67.5 billion outflow of capital. The majority are short to mid-term structured deposits, with 71% linked to popular FX rates such as EUR/USD, XAU/USD, and USD/JPY. Distributors Ten distributors were active in April. Bank of China issued 237 structured products which once again made the state-