Deutsche Bank to seize upswing as rivals retrench in Hong Kong, mainland China
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Deutsche Bank is focusing on its China business to take advantage of the withdrawal of its investment banking rivals and capitalize on the post-Covid recovery in the world's second-largest economy. The bank has been strengthening its corporate finance division and expanding its presence in the debt and equity capital markets. It has also been hiring new talent, including Michael Hufton from Morgan Stanley, to bolster its infrastructure and utilities division in Asia-Pacific. Deutsche Bank aims to position itself to seize the rebound in mainland China's business and take advantage of the opportunities presented by Hong Kong's role as a financial window to China. The bank is positive about the outlook for inbound investments from the Middle East to China and expects more transactions between the two regions. Despite the recent slump in deal-making and stock offerings, Deutsche Bank remains confident in the long-term potential of the Chinese market.
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