--Deutsche Bank AG is in talks with Postal Savings Bank of China Co. to set up a new joint venture, Chinese business news group Caixin reports, citing unnamed sources.

--The German lender would like to take a majority stake in the venture with PSBC's wealth-management arm, though no agreement has been reached yet, according to Caixin.

--International financial players are in a race to enter China's wealth-management market after the country recently eased foreign-ownership restrictions across financial services.

 

Full story: https://bit.ly/31qrvfQ

 

Write to Cristina Roca at cristina.roca@wsj.com

 

(END) Dow Jones Newswires

January 05, 2022 06:00 ET (11:00 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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