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CHINA STOCKS

Deutsche Bank's revamp plan may be in jeopardy

Beijing's temporary market prohibition of substantial stake sales means German bank will have to wait if it wants to sell its 20% holding in Huaxia Bank
Friday, July 10, 2015 - 05:50

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Frankfurt

CHINA'S effort to stop the nation's US$3.5 trillion stock-market rout could complicate John Cryan's plans for Deutsche Bank AG.

The China Securities Regulatory Commission has banned major shareholders from selling stakes in publicly traded companies for six months.

sentifi.com

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