Deutsche Bank in Talks for China Wealth Management Joint Venture, Caixin Reports
05 Januar 2022 - 12:15PM
Dow Jones News
--Deutsche Bank AG is in talks with Postal Savings Bank of China
Co. to set up a new joint venture, Chinese business news group
Caixin reports, citing unnamed sources.
--The German lender would like to take a majority stake in the
venture with PSBC's wealth-management arm, though no agreement has
been reached yet, according to Caixin.
--International financial players are in a race to enter China's
wealth-management market after the country recently eased
foreign-ownership restrictions across financial services.
Full story: https://bit.ly/31qrvfQ
Write to Cristina Roca at cristina.roca@wsj.com
(END) Dow Jones Newswires
January 05, 2022 06:00 ET (11:00 GMT)
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