| Deutsche Bank Set Up Corporative Bank in Beijing and Settled in CBD |
| 3/23/2007 1:1:0 CBD Administration Committee |
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On March 22nd, 2007, Deutsche Bank, the world¡¯s largest comprehensive bank formally submitted application for local registration to Chinese Bank Supervisory Committee, and became the first to set up corporative bank in Beijing and took the lead among foreign-funded banks to launch RMB business in Beijing.
Deutsche Bank, the world¡¯s largest comprehensive bank, plays a very important role in financial fields in Europe and even in the whole world. In recent years, Deutsche Bank pays close attention to the Asian-Pacific market that takes China as its centre. Especially with the end of the 5-year transition period for China¡¯s entry into the ¡°WTO¡± and the opening up of RMB business to foreign-funded banks, it has quickened the steps to enter the Chinese market.
In order to meet the overall opening up of banking, Beijing will further optimize the environment for developing financial industry. The International Central Business District that has attracted the attention of international financial institutions --Beijing CBD is constantly optimizing the environment for the development of financial industry and promoting its service by accelerating the construction of infrastructure, making and implementing development policies for financial industry, building a platform of Chamber of Finance in Beijing CBD, standardizing financial service and improving the development framework of financial industry etc.
It is the good working environment in Chaoyang District, Beijing, the ever-improving infrastructures, the ever-expanding cooperative platform for financial enterprises, the vast market space, as well as the encouragement, facilitation and preferential policies and service measures from government that makes Deutsche Bank positions the accelerating point of its development in China at Beijing CBD. While setting up the corporative bank, it has also expanded the working area in CBD and enriched its business operation.
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