China Market Review, December 2023: sales down over 50% YoY

Some 593 structured products amounting to CNY89 billion in aggregated volume had a strike date during the month – down 28% by sales volume compared to November and a 54% decrease year-on-year (Dec 2022: CNY190.6 billion from 483 products). An additional 571 structures matured in December, resulting in CNY111 billion flooding back onto the market for potential reinvestment. The best-performing product was Bank of China’s 人民币结构性存款2023 年第DZ231186 期/Structured Deposit CNY GRSDRDZ23118