( dpa ) - Deutsche Bank, Germany's largest bank, said Thursday that its asset management division has increased its stake in China's Harvest Fund Management Co. to 30 per cent.
The bank did not disclose a price.
Deutsche Bank's asset management division acquired 19.5 per cent of Harvest Fund Management in March 2005, creating the largest foreign joint venture fund management company in China.
Harvest Fund Management has about 23.5 billion euros of assets under management, giving it the third biggest market share of the Chinese asset management industry, the bank said.