completed its first sustainable trade finance transaction, aligning the Common Ground Taxonomy with the Use of Proceeds to finance a Chinese leasing company’s direct leasing for two wind power developments. The three-year CNY187m accounts receivable facility aligns with UN Sustainable Development Goals 7 and 9, related to renewable energy and infrastructure development. Given China’s position as the largest


vehicle market in the world since 2009, it has had to contend with the rapid expansion of its vehicle industry and the fact that emissions from vehicles have contributed hugely to air pollution in its cities. Scrapping of older vehicles is one measure being taken, but another is investment in electric vehicles. Participants in the electric vehicle industry have been turning to Deutsche Bank for a range of trade finance and lending services.


Corporate crossroads While the landscape of today looks very different from 150 years ago, the role of a corporate bank, and indeed that of the Global Hausbank, remains the same: to support corporates with their unique requirements – something that was recognised by The Asset, with its ‘Best Transaction Bank in China 2021’ award, announced in May 2022. Having reflected on the past 150 years, Deutsche Bank’s Singapore-based Head of the Corporate Bank, David Lynne, is emphatic that “Deutsche Bank’s strategy has remained the same – providing trade corridor connectivity and long-term commitment – but our delivery mechanisms have evolved.” He adds, “Helping clients transform their business models in these challenging times is our USP.”


From the history book


Martin Mueller, Head of Deutsche Bank’s Historical Institute, provides an illustrated summary of the bank’s China operations


Deutsch-Asiatische Bank on the Bund in Shanghai. When it opened this branch, the bank leased the building from a member of the Sassoon family, an Indian merchant dynasty, and finally acquired it in 1898. Two years later, lack of space persuaded the bank to purchase the neighbouring property and build an extension


Further reading... Read on for more of the bank’s insights on


China and the wider commodities landscape:


China’s capital markets path to growth bit.ly/3IlRNku


Commodities 2022 – a transition-tinted landscape bit.ly/3NSjYIT


China’s balancing act bit.ly/3aoGM5r


14


From 1897 onwards, Deutsch-Asiatische Bank was represented in Hankow by an agency, which moved into its own building in 1906 and was converted into a branch in 1910


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