Deutsche Bank teams up with Yonyou to support Chinese enterprises going global
Deutsche Bank has signed a Memorandum of Understanding (MoU) with Beijing-based enterprise management software provider Yonyou Network Technology to establish a partnership aimed at “driving innovation in digital financial services and supporting the globalisation strategies of Chinese enterprises”.

Deutsche Bank signs MoU with Yonyou
The partnership will see the bank connect the financial system of its regional subsidiary, Deutsche Bank China, with Yongyou’s treasury management system (TSM).
This connection, a joint statement claims, will culminate in “a new global financial services model with Global Treasury Management (GTM) at its core”.
The model is expected to feature both domestic and cross-border payment solutions, and will enhance the payment order process for Yongyou’s enterprise clients in China, by facilitating easier data access and instruction transmission.
In addition to GTM, the MoU is also due to deliver “innovative financial solutions tailored to diverse corporate client needs”, although the statement does not disclose specific details on these, it hints at boosting cross-border finance.
Describing the support of Chinese companies’ global growth ambitions as “one of Deutsche Bank’s core missions”, Leo Yin, president of the bank’s subsidiary in China, says the partnership with Yonyou will “drive innovation and deliver comprehensive international financial services to Chinese enterprises”.
Despite its strong European roots, Deutsche Bank has maintained a keen presence in China since launching its first innovation hub in Shanghai six years ago.
Aside from being one of the first foreign banks to join China’s NetsUnion Clearing Corporation network, Deutsche Bank was also named as one of the first in the EU to facilitate Qualified Foreign Institutional Investor access to stocks on the Beijing Stock Exchange through a connection established with the Beijing branch of the China Securities Depository and Clearing Corporation in 2022.
More recent developments include Deutsche Bank’s efforts to assist China’s Ministry of Finance in executing a $2 billion dual-tranche bond issuance in Saudi Arabia in November.