Shanghai Pudong Development Bank has launched China's first structured deposit linked to the Guangdong-Hong Kong-Macao Greater Bay Area temperature index.

Recently, Shanghai Pudong Development Bank, in collaboration with the National Meteorological Information Center, TCL Industries Holdings Co., Ltd., and Guotai Junan Risk Management Co., Ltd., successfully implemented China's first pilot project for "structured deposits linked to the Guangdong-Hong Kong-Macao Greater Bay Area temperature index." This project is an innovative exploration of the "meteorology finance" service scenario, aiming to provide real-economy enterprises with a new type of risk management tool to address meteorological changes through weather index derivative instruments.