Deutsche Bank China Becomes First EU Bank to Complete Foreign Exchange Business Reform, Lands in North, Shanghai and Guangzhou

Viewpoint News: August 12, Deutsche Bank China announced that it has successfully implemented a new foreign exchange business model at its Shanghai, Beijing, and Guangzhou branches under the guidance of the State Administration of Foreign Exchange, becoming the first EU bank to complete this reform since the "1+6" foreign exchange business reform supporting system was released.

This reform will unify all types of foreign exchange services currently in place and integrate them into a new framework for foreign exchange management, significantly improving operational standardization. For large multinational companies that adopt a financial centralized management model, the new mode provides nationwide convenient foreign exchange funds collection and settlement services, helping enterprises reduce reform costs and enjoy policy dividends.

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