Xinhua - Deutsche Bank takes over fixed assets from state-owned bank in China

XinhuaDeutsche Bank takes over fixed assets from state-owned bank in China

The Deutsche Bank has become the first foreign bank to purchase non-performing fixed assets from a Chinese state-owned commercial bank, the Economic Information Daily reported on Tuesday. Sources with the Deutsche Bank called this deal "of great importance" as it set an example for foreign banks to help the Chinese banking industry solve non-performing assets, said the newspaper