Growth in China snowball lookalikes sparks questions
New products include tweaks to sidestep restrictions, but some believe they don’t go far enough
A surge in the issuance of new structured product payoffs in China is testing the boundaries of the country’s securities regulations, with some market participants questioning whether the instruments should be classified as ‘snowballs’ and subject to stricter sales controls.
In October 2024, the Securities Association of China (SAC) cracked down on the distribution of equity-linked structured
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