Snowballs show signs of life amid China stock rebound
A-share jump and expiries drive new issuance, but dealers say regulations are depressing volumes
Snowball structured product issuance has been creeping up in China as existing products have expired or been knocked out during this year’s A-share market rally, but overall volumes remain subdued thanks to recent regulatory changes.
“The wealth management side of our business is preparing to start reissuing snowball products,” says a sales director at a Chinese securities house. “Our existing
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