Deutsche Bank is rethinking its €3bn stake in Chinese lender Hua Xia as part of the German bank’s broader overhaul of its strategy, as tough new “Basel III” financial rules make such investments less attractive for global banks.
Deutsche first bought into Hua Xia in 2006, at a time when many western lenders were keen to get access to the growth potential of the Chinese market.
In the intervening years, Deutsche has built up a 19.99 per cent stake — the maximum foreign banks can hold in their Chinese counterparts. It also has two seats on Hua Xia’s board, as well as a credit card joint venture with the bank.
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