China Turns Focus to Germany

Germany has made it clear that they welcome Chinese investments, after HNA Group, a Chinese conglomerate, raised its stake in Deutsche Bank.Beijing is encourages its corporate sector to expand overseas and the HNA investment reflects this broader Chinese push into financial services.

As BaFin President Felix Hufeld said on Tuesday,

“We believe it is fundamentally positive that capital is being invested in German banks. This of course includes foreign capital and of course Chinese capital. There is no black list of countries that are not allowed to invest with us. In this regard, this is a welcome development.”

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