Deutsche Bank Opens Office in Shanghai Free Trade Zone

Deutsche Bank has opened its seventh entity in China with a sub-branch in the recently created Shanghai Free Trade Zone.

The branch will offer a full range of capital market solutions, cash management, and trade finance services, focusing on servicing corporate and financial institution clients associated with cross-border transactions, such as automated RMB cash sweeping for cross-border lending, two-way RMB cash pooling, foreign exchange, interest rate hedging, etc.

“We are very excited to further expand our franchise in China, and to explore new and innovative services made possible by the founding of the Shanghai Free Trade Zone. Our global network and local expertise enable us to provide solutions to our clients in an increasingly borderless market place. Client demands related to cross-border transactions have been very encouraging. We are very confident that we can leverage these new opportunities and achieve further success in China,” says Feng Gao, president and chief country officer of Deutsche Bank China.

“The establishment of this free trade zone is a critical step in China’s ongoing ambitious financial reforms and will have a significant catalyzing impact on cross-border trade and investment flows. We remain deeply committed to the success of not only this free trade zone, but also the broader opening up of China’s economy and capital markets,” says Alan Cloete, co-Chief Executive Officer of Deutsche Bank Asia Pacific.