Deutsche Bank Faces No Hurdle to Move Huaxia Proceeds, SAFE Says

  • Foreign exchange regulator says it supports ‘compliant’ deal
  • Deutsche Bank is selling $3.9 billion stake in Huaxia Bank Co.

Deutsche Bank AG faces no hurdle to move proceeds from the sale of its $3.9 billion stake in a Chinese bank offshore, China’s foreign exchange regulator said, denying that efforts to limit capital outflows are creating a potential headache for the German bank.

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