Deutsche Bank may sell its stake in Hua Xia
Deutsche Bank&nbsp;has reiterated that it is considering selling its 19.99% stake in China's Hua Xia Bank, though it has ruled out pulling out any further from China, despite its present financial slowdown. As we previously noted, the bank has already received offers for the stake, which was thought to be worth c. $4.8bn in May this year. Besides Hua Xia, Deutsche Bank still has substantial corporate banking and wealth management operations in the country. As we noted, Deutsche Bank is due to provide further details of its new strategy in October.
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