Structured deposits are products with guaranteed capital and no interest, that is, the principal of users is guaranteed, and the only risk that needs to be borne is the risk of interest loss. If users are unwilling to take certain risks, they can make time deposits directly. This product is more suitable for users with certain risk tolerance.

1. Structured deposits refer to financial products in which investors deposit legally held local and foreign currency funds in banks, and banks link investors' income with financial or non-financial targets such as interest rates, exchange rates, stock prices, commodity prices and credit indexes, which have certain risks.

Second, in fact, structured deposits are not ordinary deposits, which is no different from bank financing. Structured deposits are financial derivatives embedded on the basis of deposits. By linking with the fluctuation of interest rate, exchange rate and index, depositors can get higher returns on the basis of taking certain risks. According to the public data of the People's Bank of China, the scale of structured deposits in commercial banks was 10.98 trillion yuan in June of 20 19, the third time after the outbreak of structured deposits of 20 10 trillion yuan. Wind data shows that by the end of April, the total structured deposits of large Chinese banks and small and medium-sized banks were 1 1. 13 trillion yuan. Among them, the scale of structured deposits of large Chinese banks is 3.77 trillion yuan, and the scale of structured deposits of small and medium banks is 7.36 trillion yuan.

Third, the development process:

In the initial stage of structured deposits, banks can only provide such products for large foreign exchange deposits of more than $3 million. Since the beginning of 2004, small structured foreign exchange deposits have become popular in China. Their names are different. For example, Huijubao of Bank of China, Huibaobao of ICBC and Huideli of CCB all belong to foreign exchange structured deposits. Judging from the products launched by various banks, it is characterized by a long deposit period, ranging from one year (determined by banks) to three to five years. At present, after investors hand over funds to banks in the form of deposits, banks generally make structured deposits with overseas correspondent banks, giving a fixed income of about 2.53% ~ 2.63% (1 ~ 2 times higher than interest). Interest rate for the same period). Because of the high yield several times higher than that of deposits in the same period, foreign exchange structured deposits are naturally favored and sought after by investors under the circumstances of narrow foreign exchange investment channels, high risks and low returns.