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 Co., Ltd. (Deutsche Bank China) was officially incorporated as a wholly-owned subsidiary of Deutsche Bank AG in 2008. Deutsche Bank China has branches in Beijing, Shanghai, Guangzhou, Tianjin, Chongqing and Qingdao. Deutsche Bank also maintains securities representative offices in Beijing and Shanghai.
Deutsche Bank China operates the following business divisions: Corporate & Investment Banking, Global Markets, and Wealth Management.
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.