September 09, 2010

Deutsche Bank Enters ChongQing

German financial powerhaus Deutsche Bank was given permission to open a branch bank by the Chongqing municipality's banking regulators and authority. Over ten foreign banks have already set up shop in Chongqing - China's most dynamic city - including HSBC, Bank of East Asia, ABN-AMRO, and ANZ of Australia. Chongqing recently declared financial services to be a "pillar" industry of the giant independent municipality's economy and a focus of investment and innovation over the long term...

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