Deutsche Bank Said to Mull Forgoing IPO Amid China Probes

Deutsche Bank AG is weighing whether to refrain from working on China General Nuclear Power Group’s initial public offering amid a probe into hiring practices in Asia, three people with knowledge of the matter said.

Germany’s largest bank employs the daughter of Shenzhen-based China General Nuclear’s chairman, He Yu, said the people, who asked not to be named as the deliberations are confidential. The Frankfurt-based lender, which has helped the company prepare for the IPO for about nine months, received a request for information on its hiring practices from the U.S. Securities and Exchange Commission late last year, one of the people said.