A statue is pictured next to the logo of Germany's Deutsche Bank in Frankfurt, Germany. Photo: Reuters/Kai Pfaffenbach

HNA Group, which has made headlines inside and outside of China for defying capital controls with recent overseas spending, has yet again increased its stake in Deutsche Bank, reports Bloomberg.

The firm’s holding in Germany’s largest bank now stands at 9.92%, according to a filing on Tuesday, up from a reported 3% stake in February.

The increase puts HNA’s stake well above BlackRock’s 5.9%, which had previously been the largest.