Deutsche Bank Sets Up Investment Banking
Deutsche Bank and Shanxi Securities agreed to set up an investment banking joint venture, the South China Morning Post reports. The German bank will hold a 33 per cent stake in the new company. It is the second deal in the investment banking industry within a month after Credit Suisse and Founder Securities announced their joint venture earlier in June. The securities industry was closed for foreign investment for some time. UBS and Goldman Sachs were both able to secure a brokerage license before the temporary close down.
Japanese Manufacturers Turn to India Over China
A recent survey by the Japan Bank for International Cooperation
revealed that Japanese manufacturers see India as the "most attractive
country to do business over the next 10 years", the Economic Times
reports. 70 per cent of all surveyed companies preferred India, with
China in the second place with. Russia and Vietnam came in third and
fourth
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