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The FINANCIAL Deutsche Bank (China) Co., Ltd. (Deutsche Bank China) today announced that it has received approval by the People s Bank of China (PBOC) to act as a qualified primary dealer for domestic open market businesses.
As the first Eurozone bank to obtain this qualification, Deutsche Bank China and PBOC will carry out open market business such as the repurchase of treasury bonds, policy financial bonds, spot bond transactions, central bank bill issuance and other trading instruments.
Chief Country Officer of Deutsche Bank in China, Rose Zhu said: “We are honored to be the first Eurozone bank appointed primary dealer in China’s open market business. This PBOC appointment recognises the strength of Deutsche Bank’s capital markets franchise, and reflects China’s determination to continue opening up its capital markets. The rapid development of the China market provides broad opportunities for global participants and Deutsche Bank will continue to deepen t