Deutsche Bank announced yesterday that its new Tianjin branch is open for business. The new branch complements Deutsche Bank's existing network in Beijing, Shanghai and Guangzhou and follows approval from the China Banking Regulatory Commission, obtained in July 2009.
It is also part of a larger-scale build up of the bank's China business. In July, Deutsche Bank announced that its joint securities venture with Shanxi Securities had received a business license from the Chinese regulators, meaning it could launch investment banking services targeted at the domestic Chinese market.
Mainly focused on transaction and corporate banking, the new branch will initially offer services such as treasury products and services for...
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