The head of BaFin, Germany’s financial watchdog, said he welcomed Chinese investment in the German banking sector, a week after it emerged that Chinese conglomerate HNA had become the biggest single investor in Deutsche Bank.
Chinese investors have spent billions of euros in Germany in the past few years, but have attracted increasing regulatory scrutiny of late, with the government last year stymieing a bid by a Chinese consortium for the chipmaker Aixtron on security grounds.
Speaking at BaFin’s annual press conference in Frankfurt, Felix Hufeld said he saw Chinese investment as a vote of confidence in Germany’s banking sector.
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