volatile single-stock products

Strong growth is expected for equity-linked deposits in China this year, in part because of prodding encouragement by local regulators keen to develop the mainland market. The products, offered by onshore banks to wealthy clients, are structured by international houses who provide the derivative components from their offshore desks. One derivative official estimated the market should grow from 10's of millions to 10 or more times that size in the next few years and could rival Hong Kong's massive structured deposit business.