Deutsche Bank gets regulatory nod for sale of stake in China's Hua Xia

Deutsche Bank gets regulatory nod for sale of stake in China's Hua Xia

A woman speaks on her mobile phone as she walks past a Hua Xia Bank branch in Shanghai, China, October 9, 2015. REUTERS/Aly Song

Deutsche Bank has received regulatory approval for the sale of its 20 percent stake in Chinese peer Hua Xia to PICC Property and Casualty, it said on Thursday.

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