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.
The bank will provide services, including bond trading and bond settlement services, for a wider scope of clients.
The bank will provide services, including bond trading and bond settlement services, for a wider scope of clients.

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 last week, according to data from domestic agency China Chengxin International Credit Rating.

The bank will provide services, including bond trading and bond settlement services, for a wider scope of clients, including...

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