D Bank strengthens bond services in China

The German lender’s China unit becomes the third foreign bank to provide inter-bank bond services to its clients.

D Bank strengthens bond services in China

Deutsche Bank China has acquired an inter-bank bond settlement agent license from People’s Bank of China, which allows the bank to expand its bond service coverage to a wider range of clients.

With the license, Deutsche Bank will now be able to offer onshore settlement services on the Over-the-Counter OTC market, in addition to the on-exchange services.

Inter-bank trading activities accounted for about 97% of the bond market in China repo excluded...

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