China Market Review, November 2023: sales drop 50%

Some 526 structured products that sold approximately CNY102 billion in aggregated volume had a strike date in November. Sales were down 50% compared to the prior year month when CNY211 billion was gathered from 476 products. An additional 493 structures matured during the month resulting in CNY103 billion flooding back onto the market for potential reinvestment. Bank of China’s CNY denominated structured deposit on the USD/CAD was the best performing product. The 17-day structure, whic