China Market Review, August 2023: sales hit 12-month low

Some 588 structured products amounting to CNY112 billion in aggregate volume had a strike date in August – a decrease of 50% by sales compared to the previous month and down 58% year-on-year (Aug 2022: CNY270m from 490 products). An additional 525 structures matured during the month resulting in CNY117 billion flooding back onto the market for potential reinvestment. The best-performing product was China Construction Bank’s 利得盈结构性存款2023年第38期/Structured Deposit CNY ZHJGX202308038001