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Deutsche Bank beats sensible retreat from China

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Deutsche Bank is joining peers cashing out of China. The German lender is selling a US$3.8 billion, 19.9 per cent holding in Huaxia Bank to local insurer PICC Property and Casualty.

Hong Kong

DEUTSCHE Bank is joining peers cashing out of China. The German lender is selling a US$3.8 billion, 19.9 per cent holding in Huaxia Bank to local insurer PICC Property and Casualty. Like rivals such as Goldman Sachs and Bank of America Merrill Lynch before it, Deutsche is...