Deutsche Bank first established a presence in China in 1872 with the opening of its first overseas office in Shanghai. Headquartered in Beijing, Deutsche Bank China completed local incorporation in 2008, currently with branches in Beijing, Shanghai, Guangzhou, Tianjin, Chongqing and Qingdao. Deutsche Bank has a regional hub in Hong Kong SAR, which celebrates its 55th anniversary in 2013. The bank also maintains securities representative offices in Beijing and Shanghai.
Through rapid organic growth and strategic investments, Deutsche Bank’s core global businesses are all active in China. These include corporate advisory and capital markets, transaction banking, as well as asset and wealth management.
In May 2006, Deutsche Bank acquired a stake in Hua Xia Bank – a national bank listed on the Shanghai Stock Exchange. Subsequently, Deutsche Bank increased its holdings in Hua Xia Bank in October 2008 and then in April 2011, resulting in the current equity ownership of 19.99%.
On the asset management front, Deutsche Bank holds a 30% strategic investment in Harvest Funds Management – one of the country’s leading investment managers.
In July 2009, the joint venture between Deutsche Bank and Shanxi Securities – Zhong De Securities Co. Ltd. – received a securities business license from the China Securities Regulatory Commission (CSRC). Zhong De Securities is currently approved to underwrite and sponsor stocks and bonds (including A-shares, foreign investment shares, government bonds, and corporate bonds), as well as provide corporate advisory services in the domestic capital market. Deutsche Bank holds a 33.3% ownership in the joint venture.
Deutsche Bank first established a presence in China in 1872 with the opening of an office in Shanghai. On 1 January 2008, Deutsche Bank (China) Co., Ltd. (“DB China”) was officially established in China, headquartered in Beijing. The original Deutsche Bank branches were converted into DB China Beijing and Guangzhou branches, and a new branch was established in Shanghai. The original Deutsche Bank AG, Shanghai Branch has been retained as a foreign currency wholesale booking branch. DB China offers financial services in private and commercial banking, corporate and wholesale banking and many other financial and banking services authorized by the regulators. In China, it has the following businesses - PBC, PWM, GM, GB and GTB, as well as Commercial Real Estate. Moreover, Deutsche Bank AG, through other businesses, taps on Global Banking and Asset Management opportunities.
Deutsche Bank now holds a 13.7% interest in Huaxia Bank, a nationwide bank listed on the Shanghai Stock Exchange. Deutsche Bank and Huaxia Bank jointly launched a credit card operation in June 2007. Deutsche Asset Management is a strategic investor in Harvest Fund Management and both companies work closely on business development in China.