Deutsche Bank China Becomes First EU Bank to Fully Implement SAFE’s “1+6” Cross-Border Foreign Currency Framework

Deutsche Bank China Becomes First EU Bank to Fully Implement SAFE’s “1+6” Cross-Border Foreign Currency Framework

(IN BRIEF) Deutsche Bank China has fully implemented SAFE’s “1+6” foreign currency cross-border liberalisation framework at its branches in Shanghai, Beijing, and Guangzhou, becoming the first EU bank to do so. The new system unifies and streamlines regulations, allowing eligible multinational corporations to process cross-border payments and FX conversions in minutes instead of days, while reducing compliance costs and improving liquidity management. Advanced fintech tools provide real-time risk monitoring, and an electronic documentation platform speeds up transactions requiring supporting materials. Clients such as Carl Zeiss (Shanghai) have praised the programme for enhancing treasury efficiency and simplifying operations. Deutsche Bank China says the move strengthens its role as a bridge between China and major global markets.

(PRESS RELEASE) FRANKFURT, 15-Aog-2025 — /EuropaWire/ — Deutsche Bank (China) Co., Ltd. (“Deutsche Bank China”) has become the first European Union bank to fully implement China’s new “1+6” foreign currency cross-border liberalisation framework across its Shanghai, Beijing, and Guangzhou branches. Introduced by the State Administration of Foreign Exchange (SAFE), the framework consolidates multiple facilitation measures into a unified regulatory structure, simplifying compliance and enhancing efficiency for multinational companies operating in China.

The new model provides a streamlined approach to cross-border payments and foreign exchange conversions, offering multinational corporations faster processing times, reduced costs, and improved liquidity management. Large corporates with centralised treasury operations in China can now benefit from a consistent, nationwide process for handling cross-border transactions, with minimal disruption during the transition from previous procedures.

Under the framework, eligible corporations can complete cross-border transactions by submitting payment instructions directly to the bank, reducing processing times from several days to just minutes. Deutsche Bank applies advanced fintech tools for real-time transaction risk monitoring while maintaining a smooth client experience. For transactions requiring supporting documentation, the bank’s electronic documentation platform automates submission, matching, and verification to further accelerate turnaround times.

Rose Zhu, Chief Country Officer for Deutsche Bank China, said: “The implementation further strengthens our ability to deliver local execution, risk control, and compliance capabilities for our multinational clients. It will help them manage their cross-border operations and treasury functions in China more efficiently. We will continue to combine our global network with local expertise to serve as a financial bridge between China and key markets such as Europe.”

The Finance and Accounting department at Carl Zeiss (Shanghai) Co., Ltd. welcomed the reform, stating: “As a German company with a long-standing presence in the Chinese market, this programme will greatly simplify our cross-border payment processes, boost treasury efficiency, and improve coordination of our global financial operations.”

By integrating the “1+6” framework into its operations, Deutsche Bank China is not only enhancing the client experience but also supporting the continued high-level opening of China’s financial markets. The bank’s deep local knowledge, strong European presence, and global platform position it to help multinational corporates navigate regulatory changes and optimise their cross-border financial strategies.

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SOURCE: Deutsche Bank