Deals
Deutsche Bank Said to Seek China License in Move to Boost Ties
- Lender wants to expand business in China to bolster turnaround
- Germany is pushing for better Deutsche Bank access in China
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Deutsche Bank AG has applied with Chinese regulators for a license to help foreign companies get access to the Asian nation’s capital market, part of an effort to expand its business in the region, according to people briefed on the matter.
The application was made through what is known as the Chinese Depositary Receipts program. German Finance Minister Olaf Scholz and his deputy, Joerg Kukies, talked with Chinese leaders during a recent trip about improving access for Deutsche Bank to the country’s capital markets, said the people who asked not to be identified because the deliberations are private.