What do you mean by structured bank deposits?

Structured deposit: refers to a deposit product in which the bank provides the depositor with a complete guarantee of the principal according to the relevant agreement in the specification, and pays the depositor with floating interest according to the price performance of the linked target. The product is included in the deposit insurance category.

The linked targets generally include gold, Shanghai and Shenzhen 300 Index and CSI 500 Index. The principal of structured deposits is used by the bank's self-operated funds independently and flexibly, and the purpose is the same as that of general deposits. Structured deposit funds can be found in customer deposit accounts at any time, which is consistent with general deposits.

(Reply time: May 2022 17. Please refer to the latest business changes announced by China Merchants Bank in official website. )