History of Deutsche Bank in China

1870 Deutsche Bank was founded in Berlin to promote and facilitate trade relations between Germany and international markets.

1872 Deutsche Bank established its first foreign branches in Shanghai and Yokohama. Both branches had to be liquidated due to losses in the silver trade in 1875.

1889 Foundation of Deutsch-Asiatische Bank in Berlin – as a special institution for the East Asian market – by a German bank syndicate led by Disconto-Gesellschaft and Deutsche Bank.

1890 Deutsch-Asiatische Bank opened its main branch in Shanghai. Further branches were established in China before the First World War.

1897 Deutsch-Asiatische Bank opened an agency in Hankow (or Hankou, now part of Wuhan), which was converted into a branch in 1910.

1898 Deutsch-Asiatische Bank participated in the Chinese Imperial Government Gold Loan for 16 million pounds. Deutsch-Asiatische Bank opened an agency in Tsing-Tao (now Qingdao), which was converted into a branch in 1899. In 1914, at the beginning of the First World War, the branch was closed.

1899 Deutsche Bank and Deutsch-Asiatische Bank assisted in the foundation of the Shantung Railway Company.

1900 Deutsch-Asiatische Bank opened a branch in Hong Kong.

1904 Deutsch-Asiatische Bank opened an agency in Tsinanfu (now Jinan).

1905 Deutsch-Asiatische Bank opened an agency in Peking (now Beijing), which was converted into a branch in 1910.

1907 Deutsch-Asiatische Bank started issuing its own banknotes.

1910 Deutsch-Asiatische Bank opened an agency in Canton (now Guangzhou), which was converted into a branch in 1911.

1913 Deutsch-Asiatische Bank participated in the Chinese Government Reorganisation Gold Loan for 25 million pounds (= 511,250,000 marks).

1917 The Deutsch-Asiatische Bank branches in Shanghai, Canton, Hankow, Peking, Tientsin and Tsinanfu were subjected to forced liquidation by the Chinese government.

1925 Re-opening of the Chinese branches of Deutsch-Asiatische Bank in Shanghai, Hankow, Peking, Tientsin, Tsing-Tao and Canton. All branches had to be closed by the end of the Second World War in 1945.

1949 Deutsch-Asiatische Bank was licensed as a foreign trade bank in Hamburg.

1958 Deutsch-Asiatische Bank re-opened a branch in Hong Kong.

1972 Deutsch-Asiatische Bank and its branches were integrated into the newly founded European Asian Bank.

1974 The Hong Kong branch of European Asian Bank opened its first neighbourhood branch in the city, soon followed by others.

1976 Deutsche Bank opened a representative office in Hong Kong, which was converted into a branch in 1979.

1981 Deutsche Bank opened its first representative office in the People’s Republic of China in Beijing.

1986 European Asian Bank became Deutsche Bank (Asia).

1988 Deutsche Bank (Asia) was merged into Deutsche Bank AG. The management of the Asia business was relocated from Hamburg to the regional head office in Singapore.

1994 Deutsche Bank opened a representative office in Guangzhou (formerly Canton), which was converted into a branch in 1995.

1995 Deutsche Bank opened a representative office in Shanghai, which was converted into a branch in 1999.

2004 Deutsche Bank converted its representative office in Beijing into a branch.

2008 Deutsche Bank (China) Co., Ltd., a wholly foreign-funded subsidiary bank solely owned by Deutsche Bank AG, officially commenced operations. The branches and sub-branches of Deutsche Bank AG in Beijing, Shanghai and Guangzhou were converted into corresponding branches and sub-branches of Deutsche Bank China, with headquarters in Beijing.

2010 Deutsche Bank China opened a branch in Tianjin on March 23.

2011 Deutsche Bank China opened a branch in Chongqing on April 28.

2013 Deutsche Bank China opened a branch in Qingdao on September 4.