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History of Deutsche Bank in Hong Kong

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


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

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.

2006


Deutsche Bank acquired a 9.9% stake in Hua Xia Bank, which has been increased to 13.7% in 2008.

2007

Deutsche Bank launched its Private & Business Clients service in China and opened sub-branches in Beijing and Shanghai.


Deutsche Bank and Hua Xia Bank launched joint credit card operations.


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.


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Last Update: April 14, 2010
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