Deutsche Bank's new model for foreign exchange business has been implemented

Recently, Deutsche Bank AG announced the completion of its new foreign exchange business model reform, which has been implemented in its branches in Shanghai, Beijing, and Guangzhou. Since the State Administration of Foreign Exchange released the "1+6" supporting system for foreign exchange business reform, Deutsche Bank has become the first EU bank to complete the implementation of this reform. It is understood that under the new business model, eligible enterprises only need to submit instructions to Deutsche Bank China to complete cross-border payment and receipt transactions, with transaction processing time reduced from several days to just a few minutes, greatly improving capital turnover efficiency