DEUTSCHE BANK

A License to Invest

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Germany's top bank is opening a new chapter in its 145-year history in the Middle Kingdom. Picture source: Reuters

Deutsche Bank is considering applying for a full banking license in China that would allow it to offer investment banking products locally, Werner Steinmüller, management board member responsible for the bank’s Asia operations, told Handelsblatt.

The move would follow its recent application for permission to place so-called Panda bonds denominated in yuan.

“We could then organize mergers and takeovers for our customers on the Chinese mainland, arrange IPOs and issue Panda bonds,” he said, referring to bonds denominated in Chinese yuan.

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