Lates News

Recently, Deutsche Bank (China) announced the completion of the reform of its foreign exchange business with a new model, which has been implemented in its branches in Shanghai, Beijing, and Guangzhou. Since the release of the "1+6" foreign exchange business reform supporting system by the State Administration of Foreign Exchange, Deutsche Bank has become the first EU bank to complete the implementation of this reform. It is understood that under the new business model, eligible companies only need to submit instructions to Deutsche Bank China to complete cross-border payment and settlement transactions, reducing processing time from several days to just a few minutes, greatly improving capital turnover efficiency.