The Red Ponzi's "Structured Deposits" Eruption: Gambling By Any Other Name

The country’s banking regulator laid out tighter rules last Friday on regulating so-called structured deposits, which amounted to 10.8 trillion yuan ($1.5 trillion) as of September. Yields on such deposits are linked to the prices of other assets from foreign currencies to commodities so they could potentially offer higher returns than conventional deposits. The amount outstanding had doubled since the end of 2016, outpacing 27% growth in traditional deposits overall.

 

 

 

 

 

 

 

 

 

https://www.wsj.com/articles/chinas-crackdown-on-risky-deposits-ignores-structural-problem-11571659603?mod=lead_feature_below_a_pos1

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.