Deutsch-Asiatische Bank

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Deutsch-Asiatische Bank in the Legation Quarter of Beijing.

Deutsch-Asiatische Bank (DAB) (simplified Chinese: 德华银行; traditional Chinese: 德華銀行; pinyin: Déhuá Yínháng) 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 for the Chinese government and in the financing of railway construction in China.

History[]

Deutsche-Asiatische Bank was founded in Shanghai on 12 February 1889 with the participation of Deutsche Bank, one of the largest banks in Germany. It set up branches in Calcutta (1895),[1] Tianjin (1890),[2] Hankou (1897),[3] Tsingtao (1897),[4] Hong Kong (1900),[5] Yokohama (1905),[6] Kobe (1906),[7] Singapore (1906),[8] Peking (1910),[9] Canton (1910)[10] and Tsinan (1914).[11]

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 were destroyed.[12] In 1953, it launched a new beginning in Hamburg. 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.[13]

References[]

  1. ^ Branch in Calcutta (now Kolkata) Archived 5 January 2009 at the Wayback Machine. Bankgeschichte.de (8 October 1996). Retrieved 11 January 2012.
  2. ^ Branch in Tientsin (now Tianjin) Archived 5 January 2009 at the Wayback Machine. Bankgeschichte.de (27 October 1945). Retrieved 11 January 2012.
  3. ^ Branch in Hankow (part of Wuhan) Archived 5 January 2009 at the Wayback Machine. Bankgeschichte.de. Retrieved 11 January 2012.
  4. ^ Branch in Tsingtao (now Qindao, German: Tsingtau) Archived 3 February 2009 at the Wayback Machine. Bankgeschichte.de. Retrieved 11 January 2012.
  5. ^ Hong Kong branch Archived 5 January 2009 at the Wayback Machine. Bankgeschichte.de (1 November 1979). Retrieved 11 January 2012.
  6. ^ Yokohama branch Archived 5 January 2009 at the Wayback Machine. Bankgeschichte.de. Retrieved 11 January 2012.
  7. ^ Kobe branch Archived 5 January 2009 at the Wayback Machine. Bankgeschichte.de (15 May 1906). Retrieved 11 January 2012.
  8. ^ Singapore branch Archived 5 January 2009 at the Wayback Machine. Bankgeschichte.de. Retrieved 11 January 2012.
  9. ^ Branch in Peking (now Beijing) Archived 5 January 2009 at the Wayback Machine. Bankgeschichte.de. Retrieved 11 January 2012.
  10. ^ Branch in Canton (now Guangzhou) Archived 5 January 2009 at the Wayback Machine. Bankgeschichte.de. Retrieved 11 January 2012.
  11. ^ Tsinanfu branch Archived 5 January 2009 at the Wayback Machine. Bankgeschichte.de. Retrieved 11 January 2012.
  12. ^ "Ghassan Moazzin, "From Globalization to Liquidation: The Deutsch-Asiatische Bank and the First World War in China," Cross-Currents: East Asian History and Culture Review 16 (2015), 52-76". Retrieved 30 November 2015.
  13. ^ Deutsch Bank Archived 29 December 2008 at the Wayback Machine. Bankgeschichte.de (2 November 2004). Retrieved 11 January 2012.
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