Deutsch-Asiatische Bank (Traditional Chinese: 德華銀行) was a foreign bank in China. Its principal activity was trade financing; but together with English and French banks, it also played a role in the underwriting of bonds

Bond (finance)

In finance, a bond is a debt security, in which the authorized issuer owes the holders a debt and, depending on the terms of the bond, is obliged to pay interest to use and/or to repay the principal at a later date, termed maturity...

 for the Chinese government and in the financing of railway construction in China.

History

Deutsche-Asiatische Bank was founded in Shanghai in 1889 with the participation of Deutsche Bank

Deutsche Bank

Deutsche Bank AG is a global financial service company with its headquarters in Frankfurt, Germany. It employs more than 100,000 people in over 70 countries, and has a large presence in Europe, the Americas, Asia Pacific and the emerging markets...

, one of the largest banks in Germany. It set up branches in Calcutta (1895), Tianjin

Tianjin

' is a metropolis in northern China and one of the five national central cities of the People's Republic of China. It is governed as a direct-controlled municipality, one of four such designations, and is, thus, under direct administration of the central government...

 (1890), Hankou

Hankou

Hankou was one of the three cities whose merging formed modern-day Wuhan, the capital of the Hubei province, China. It stands north of the Han and Yangtze Rivers where the Han falls into the Yangtze...

 (1897), Tsingtao (1897), Hong Kong (1900), Yokohama

Yokohama

is the capital city of Kanagawa Prefecture and the second largest city in Japan by population after Tokyo and most populous municipality of Japan. It lies on Tokyo Bay, south of Tokyo, in the Kantō region of the main island of Honshu...

 (1905), Kobe

Kobe

, pronounced , is the fifth-largest city in Japan and is the capital city of Hyōgo Prefecture on the southern side of the main island of Honshū, approximately west of Osaka...

 (1906), Singapore

Singapore

Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...

 (1906), Peking (1910), Canton

Guangzhou

Guangzhou , known historically as Canton or Kwangchow, is the capital and largest city of the Guangdong province in the People's Republic of China. Located in southern China on the Pearl River, about north-northwest of Hong Kong, Guangzhou is a key national transportation hub and trading port...

 (1910) and Tsinan (1914).

In 1906, it received the concession to issue its own banknotes in China. During First World War and the Second World War, its branch network and business activities was destroyed. In 1953, it launched a new beginning in Hamburg

Hamburg

-History:The first historic name for the city was, according to Claudius Ptolemy's reports, Treva.But the city takes its modern name, Hamburg, from the first permanent building on the site, a castle whose construction was ordered by the Emperor Charlemagne in AD 808...

. Together with partner banks within the EBIC group, Deutsche Bank subsequently founded "Europäisch-Asiatische Bank" in 1972 (later renamed "European Asian Bank"), which the former Deutsch-Asiatische Bank was merged into. In 1986, the bank was called "Deutsche Bank (Asia)" after the partner banks withdrew from their participations. Between 1987 and 1988, it was then merged into Deutsche Bank.