--Deutsche Bank AG is in talks with Postal Savings Bank of China Co. to set up a new joint venture, Chinese business news group Caixin reports, citing unnamed sources.

--The German lender would like to take a majority stake in the venture with PSBC's wealth-management arm, though no agreement has been reached yet, according to Caixin.

--International financial players are in a race to enter China's wealth-management market after the country recently eased foreign-ownership restrictions across financial services.

Full story: https://bit.ly/31qrvfQ

Write to Cristina Roca at cristina.roca@wsj.com

(END) Dow Jones Newswires

01-05-22 0600ET