Deutsche Bank becomes first EU bank to support QFI trading on BSE
Published: Mar 17, 2022 10:02 PM
Deutsche Bank. Photo: VCG

Deutsche Bank. Photo: VCG

Deutsche Bank became the first bank from the EU to support qualified foreign investor (QFI) trading on the Beijing Stock Exchange (BSE), the bank told the Global Times on Thursday. 

2022 marks the 150th anniversary of the bank’s presence in China, and Deutsche Bank is committed to meeting the needs of its clients in the local market and actively contributing to the further opening up of China's capital market, said Zhu Tong, chairman of Deutsche Bank China. 

As the second-largest economy in the world, China's policy of further opening up is very attractive to foreign investors, said Zhao Wei, another senior official at the bank, adding that the bank will actively expand its business roadmap in the country beyond cross-border business.

Data from the BSE’s official website showed that there are 88 companies listed on the bourse as of Thursday, with a total of 12.68 billion shares and a total market capitalization of 210.11 billion yuan ($33.09 billion).

The number of investors on the BSE exceeded 4.8 million as of the end of January, increasing 2.8 times compared with the pre-September announcement period, Xinhua News Agency reported. 

Global Times