Local incorporation in 2008 allows all branches to provide full-range People s Bank of China (PBOC)

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1 China - Factsheet Currency Renminbi (CNY) or (RMB) Why Deutsche Bank Time Zone GMT + 8 Local incorporation in 2008 allows all branches to provide full-range Central Bank People s Bank of China (PBOC) customer services except for leasing and credit cards Specialist in customised cash management solutions for large Deutsche Bank License Commercial Banking License scale multinationals with complex requirements 1872, Deutsche Bank China Co., Ltd. Close relationship with regulators to give proactive advisory and (Deutsche Bank China) with branches in consulting on regulatory updates, market updates and other Beijing, Shanghai, Guangzhou, Tianjin, Present since specific industry trends Chongqing and Qingdao. Representative Market-leading Enterprise-Resource-Planning (ERP) integration offices from Deutsche Bank AG in Beijing solutions are developed in-house and ready for installation and Shanghai. Industrial and Commercial Bank of Partner Banks China, China Construction Bank, Hua Xia Bank, Postal Savings Bank of China Cash Clearing/Clearing Systems The majority of domestic payments are settled via China National Advanced Payment System (CNAPS), which is based on a gross settlement mechanism. There is also a nationwide net settlement Automated Clearing House (ACH) clearing system called Bulk Electronic Payment System (BEPS) to process bulk-based low-value payment and collection. Paper-based clearing house runs in every city. Some cities have electronic incity clearing system, e.g. Shanghai Electronic Clearing System (SHEC). Non-Urgent payment service Maximum payment amount is CNY 50,000 Session-based clearing Support in-city and cross-city payment & collection System runs 24 hours, seven days a week Urgent payment service Real Time Gross Settlement System (RTGS) No limitation in payment amount Support in-city, cross-city and cross-border payment Running from 8:30 a.m. to 5:00 p.m. every working day Essential Products Offered By Global Transaction Banking Trade Finance Current Accounts Electronic Banking Short-Term Lending Overdraft Local Currency Foreign Currency Local Currency Foreign Currency 1 Deposits Asset Management Custody Trust Service Credit Cards Withdrawals 2 1 Foreign currency overdraft can only be offered with regulatory approval. 2 Cash withdrawal is only offered in Deutsche Bank Shanghai branch. 1 / 4 Version Q China

2 Essential Products Offered By Corporate Banking & Securities FX Spot FX Fwd FX Option Swaps NDF (onshore) NDF (offshore) Money Market/ Commodities 3 Capital Markets 4 Cash Management Solutions Deutsche Bank China offers full product suites in the market. db direct internet provides a single platform to access accounts held with Deutsche Bank and third party banks. Deutsche Bank China is a member of the nationwide clearing systems (CNAPS and BEPS) and in-city clearing system to enable the Straight Through Processing (STP) service. Cash sweep is the most important liquidity product used by large group clients to optimise liquidity and working capital management. Payables Management Receivables Management Account Information Others Local and cross-border transfers Demand drafts Payroll and staff reimbursement Foreign Exchange (FX): FX4Cash Electronic documentation for foreign currency payment Notification Local and cross-border electronic collection Payer ID, Accounts Receivables Manager, Notification Direct debit, cash collection, draft warehousing Access to Deutsche Bank accounts and third party banks accounts Comprehensive information reporting (MT940, Multicash) Liquidity solution: Entrustment Loan, Automated Cash Sweep and Liquidity Manager Cash Management Benefits for the Client Innovation Solutions Connectivity to Regulators Client Centricity Consultative approach to re-engineer corporates liquidity and working capital management in order to achieve financial and commercial targets. We are a market leader in delivering both plain vanilla and structured solutions, such as cross-border cash pool and Financial Supply Chain. We also manage key stakeholders (regulators, partner banks, your business partners) to deliver to client s objectives. Proactive advisory and consulting services to help navigate complex environment of regulatory issues and other industry trends. We striving to build strong partnerships with key regulators to ensure proper and effective representation of our clients best interests. Serving clients via one electronic banking platform, one sales force and one service team. Trade Finance Solutions Deutsche Bank China offers a complete range of Trade Finance products and services. We deliver fast, efficient, reliable and comprehensive solutions for every stage of a client's trade value chain to support their trade activities. International trade is highly complex and involves a number of risks. With a fully integrated global network across 79 locations in 40 countries and state-of-the-art transaction processing technology, Deutsche Bank China delivers unparalleled services, innovative solutions and superior trade expertise that enable clients to manage risks and other issues associated with their import, export and domestic trade transactions, including international trade products, financial supply chain management, custom-made and performance-risk solutions for structured trade and commodity trade. Trade comprises trade for corporates, trade for Financial Institutions (FI), Structured Trade & Export Finance (STEF) and Structured Commodity Trade Finance (SCTF). 3 Non-physical only (derivative) 4 Onshore via Joint Venture only, offshore no restrictions 2 / 5 Version Q China

3 Guarantee and Standby Letter of Credit (LC) Commercial guarantee Financial guarantee Standby LC Trade & Service Export LC: LC advising, LC confirmation (including silent confirmation, LC transfer, LC bills collection Export Collection (Documents against Acceptance (D/A), Documents against Payment (D/P)) Import LC issuance Import Collection (D/A D/P) Trade Finance loan Receivable Finance SCTF STEF Pre-shipment (against LC, Open Account) Export bills purchase Export LC negotiation Export bills purchase Invoice Post import (with or without trust receipt) Distributor Reimbursement FI trade solution Commercial draft discounting Account Receivable Purchase Account Receivable Purchase against credit insurance Forfeiting (LC Export Bills Negotiation) Supplier Finance - Confirmed Payable Pre-export Prepayment Borrowing base Export Credit Agency (ECA) covered trade Multilaterals and political risk insurance Structured trade loan Lending Solutions Deutsche Bank provides both short-term (tenor < six months) and long-term (tenor > six months) lending solutions. Corporate Banking & Securities Solutions Deutsche Bank China has a well-established sales, trading and research platform, covering macro economics, fixed income, credit, foreign exchange and derivatives. The Bank is highly committed to the development of the RMB through all facets of foreign exchange, credit trading and transaction banking. Deutsche Bank started local bond trading operations in late 2004 and is widely recognised as a leading market participant. In addition the Bank was appointed as an original Shanghai Interbank Offered Rate (SHIBOR) quotation bank, one of the first three foreign banks in this group. Risk and Liquidity Management Financing Capital Markets 5 FX market maker First bank to execute RMB FX option and first to allow electronic execution via online trading platoform (Authobahn FX) Broad range of financing options with crossborder financing capabilities Superior syndicate and distribution capabilities Focus on equity/debt underwriting and Mergers & Acquisitions Deutsche Bank continues to feature noteworthy Initial Public Offerings (IPO), like Alibaba s IPO the largest IPO in history (done by offshore team) Central Bank Regulation PBOC as the central bank promulgate the regulations regarding monetary policy, account management and AML etc. China Banking Regulatory Commission (CBRC) as the daily supervisor of financial institutions promulgate the regulations regarding market access, product licensing and risk control etc. SAFE focus on cross-border deals in FCY and FX related matters in addition to the monitoring of balance of payment. 5 Onshore through Joint Venture 3 / 5 Version Q China

4 Account opening for residents/non-residents Resident companies in generally are allowed to maintain onshore accounts and need to obtain special approvals from State Administration of Foreign Exchange (SAFE) for offshore accounts. Non-resident companies can maintain offshore accounts with designated banks in China but are not allowed to maintain onshore accounts. FX controls There are stringent restrictions on domestic and cross-border current account and capital account FX transfers by the SAFE The main restrictions are: i) Approval is needed to open FX capital accounts ii) Supporting documents are required to settle all FX payment transactions SAFE approval might be required for the settlement and repatriation of foreign exchange for capital account items and some non-trade related current account items Central Bank Reporting Central Bank reporting is performed by banks Corporates do not report directly to the Central Bank Tax and Legal Information Legal The Laws of the People s Republic of China (PRC) applies to bank accounts and other legal documentation between a client and a Chinese bank. Tax The Corporate Income Tax (CIT) in China distinguishes between China Tax Resident Enterprise (TRE) and non-china TRE. China TRE is subject to CIT on its worldwide income while non-china TRE is subject to CIT on China sourced income. The standard CIT rate is 25% in China. Non-China TRE's passive income (e.g. capital gains, interest, dividends, royalties) is subject to China Withholding Tax (WHT) at 10% which may be reduced or exempt based on the tax treaty between China and the country where the non-china TRE is a tax resident. Business profits generated by the non-china TRE through its permanent establishment in China are subject to CIT at 25%. An enterprise is regarded as a China TRE if it is incorporated in China under China laws or it is established outside of China but with a place of effective management located in China. 4 / 5 Version Q China

5 Glossary ACH AUM BEPS CBRC CIT CNAPS CNY D/A D/P ECA ERP FI FX GMT IPO JV LC NDF PBOC PCR RMB RTGS SAFE SCTF SHEC SHIBOR STEF STP TRE WHT Automated Clearing House Assets Under Management Bulk Electronic Payment System China Banking Regulatory Commission Corporate Income Tax China National Advanced Payment System Renminbi Documents against Acceptance Documents against Payment Export Credit Agency Enterprise-Resource-Planning Financial Institution Foreign Exchange Greenwich Mean Time Initial Public Offering Joint Venture Letter of Credit Non-deliverable Forward People s Bank of China Law of People s Republic of China Renminbi Real Time Gross Settlement System State Administration of Foreign Exchange Structured Commodity Trade Finance Shanghai Electronic Clearing Shanghai Interbank Offered Rate Structured Trade & Export Finance Straight Through Processing Tax Resident Enterprise Withholding Tax This factsheet is for information purposes only and is designed to serve as a general overview regarding the services of Deutsche Bank in China. The general description in this factsheet relates to services offered by the Global Transaction Banking of Deutsche Bank to customers as of December 2014, which may be subject to change in the future. This factsheet and the general description of the services are in their nature only illustrative, do neither explicitly nor implicitly make an offer and do not therefore contain or cannot result in any contractual or noncontractual obligation or liability of Deutsche Bank AG or any of its affiliates. Copyright December 2014 Deutsche Bank AG. All rights reserved. 5 / 5 Version Q China

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