Themen:
Media Release May 9, 2023

Deutsche Bank named market maker for China’s Northbound Swap Connect programme

Helping global investors participate in China’s financial derivatives market.

Deutsche Bank has today announced that it has been named a market maker for Northbound Swap Connect, which officially launches on May 15, 2023. The initiative will be the first stage of mutual access between Hong Kong and China interest rate swap markets.

The launch of Swap Connect will signify the opening of China’s financial derivatives market. It will provide overseas investors with access to an important hedging tool for investing in the China Interbank Bond Market (CIBM) and reducing risk related to interest rates.

Swap Connect will also mark an important step in the internationalization of the renminbi (RMB). As further progress to Bond Connect, the initiative reinforces the role that Hong Kong plays in connecting China with international investors.

Rose Zhu, Chief Country Officer for China said: “We are proud to be named a market maker for Swap Connect, which will be a huge leap forward in developing the domestic derivatives and bond markets. Leveraging our cross-border strengths, we look forward to playing an active role in helping international investors get a head start via Swap Connect. We remain committed to helping accelerate the opening up of China’s financial markets and RMB internationalization.”

Lillian Tao, Head of Macro & GEM Sales for China said: “Early on, we received many enquiries and have seen strong interest in participating in Swap Connect. This has been despite its complex fusion of China, Hong Kong and western financial infrastructure. This indicates an increased sophistication and openness amongst international investors, and we are observing an appetite for further deregulation in areas including domestic repurchasing, futures and options.”

Deutsche Bank AG                                       

Media Relations                                           

Amy Chang

Phone: +852 2203 8434

Email: amy.chang@db.com             

Kate Fields

Phone: +852 2203 5094

Email: kate.fields@db.com

This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.

By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our revenues and in which we hold a substantial portion of our assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in our SEC Form 20-F of 12 March 2021 under the heading “Risk Factors”. Copies of this document are readily available upon request or can be downloaded from www.db.com/ir.

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