Deutsch-Asiatische Bank on:
[Wikipedia]
[Google]
[Amazon]
Deutsch-Asiatische Bank (DAB) () 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.
Deutsch Bank
. Bankgeschichte.de (2 November 2004). Retrieved 11 January 2012.
File:Bundesarchiv Bild 137-023966, Deutsch-asiatische Bank in Peking.jpg, Branch building in the Beijing Legation Quarter, 1900
File:青岛德华银行.jpg, Branch building in
File:1 Dollar - Deutsch-Asiatische Bank, Shanghai branch (1907) Peking-branded.jpg, 1 dollar local currency, Shanghai (1907)
File:1 Dollar - Deutsch-Asiatische Bank, Tsingtau head office (1907) 01.jpg, 1 dollar local currency, Qingdao (1907)
File:1 Dollar - Deutsch-Asiatische Bank, Peking branch (1907) 01.jpg, 1 dollar local currency, Beijing (1907)
File:1 Dollar - Deutsch-Asiatische Bank, Peking branch (1907) 02.jpg, 1 dollar local currency, Beijing (1907)
File:1 Dollar - Deutsch-Asiatische Bank, Tientsin branch (1907) 01.jpg, 1 dollar local currency, Tianjin (1907)
File:1 Dollar - Deutsch-Asiatische Bank, Tientsin branch (1907) 02.jpg, 1 dollar local currency, Tianjin (1907)
File:200 Dollars (local currency) - Deutsch-Asiatische Bank, Shanghai Branch (1914) KKnews - Obverse.jpg, 200 dollars local currency, Shanghai (1914)
File:200 Dollars (local currency) - Deutsch-Asiatische Bank, Shanghai Branch (1914) KKnews - Reverse.jpg, 200 dollars local currency, Shanghai (1914)
Deutsch-Asiatische Bank (DAB) () 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 ofDeutsche Bank
Deutsche Bank AG (), sometimes referred to simply as Deutsche, is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York St ...
, one of the largest banks in Germany. At the time, it was the first large non-British bank to enter the Chinese market. It set up branches in Calcutta
Kolkata (, or , ; also known as Calcutta , the official name until 2001) is the capital of the Indian state of West Bengal, on the eastern bank of the Hooghly River west of the border with Bangladesh. It is the primary business, commer ...
(1895), Tianjin
Tianjin (; ; Mandarin: ), alternately romanized as Tientsin (), is a municipality and a coastal metropolis in Northern China on the shore of the Bohai Sea. It is one of the nine national central cities in Mainland China, with a total popu ...
(1890), Hankou
Hankou, alternately romanized as Hankow (), was one of the three towns (the other two were Wuchang and Hanyang) merged to become modern-day Wuhan city, the capital of the Hubei province, China. It stands north of the Han and Yangtze Rivers whe ...
(1897), Qingdao
Qingdao (, also spelled Tsingtao; , Mandarin: ) is a major city in eastern Shandong Province. The city's name in Chinese characters literally means " azure island". Located on China's Yellow Sea coast, it is a major nodal city of the One Belt ...
(1897), Hong Kong
Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a List of cities in China, city and Special administrative regions of China, special ...
(1900), Yokohama
is the second-largest city in Japan by population and the most populous municipality of Japan. It is the capital city and the most populous city in Kanagawa Prefecture, with a 2020 population of 3.8 million. It lies on Tokyo Bay, south of T ...
(1905), Kobe
Kobe ( , ; officially , ) is the capital city of Hyōgo Prefecture Japan. With a population around 1.5 million, Kobe is Japan's seventh-largest city and the third-largest port city after Tokyo and Yokohama. It is located in Kansai region, whi ...
(1906), Singapore
Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, bor ...
(1906), Beijing
}
Beijing ( ; ; ), Chinese postal romanization, alternatively romanized as Peking ( ), is the Capital city, capital of the China, People's Republic of China. It is the center of power and development of the country. Beijing is the world's Li ...
(1910), Guangzhou
Guangzhou (, ; ; or ; ), also known as Canton () and Chinese postal romanization, alternatively romanized as Kwongchow or Kwangchow, is the Capital city, capital and largest city of Guangdong Provinces of China, province in South China, sou ...
(1910) and Jinan
Jinan (), Postal Map Romanization, alternately romanization of Chinese, romanized as Tsinan, is the Capital (political), capital of Shandong province in East China, Eastern China. With a population of 9.2 million, it is the second-largest city i ...
(1914). Until World War I
World War I (28 July 1914 11 November 1918), often abbreviated as WWI, was List of wars and anthropogenic disasters by death toll, one of the deadliest global conflicts in history. Belligerents included much of Europe, the Russian Empire, ...
, it developed a cooperative relationship with the Hong Kong and Shanghai Banking Corporation
The Hongkong and Shanghai Banking Corporation Limited (), commonly known as HSBC (), was the parent entity of the multinational HSBC banking group until 1991, and is now its Hong Kong-based Asia-Pacific subsidiary. The largest bank in Hong K ...
against encroachments by competing foreign banks from France, Japan and Russia.
In 1906, the bank received the concession to issue its own banknotes
A banknote—also called a bill (North American English), paper money, or simply a note—is a type of negotiable promissory note, made by a bank or other licensed authority, payable to the bearer on demand.
Banknotes were originally issued ...
in China. Its branch in Qingdao
Qingdao (, also spelled Tsingtao; , Mandarin: ) is a major city in eastern Shandong Province. The city's name in Chinese characters literally means " azure island". Located on China's Yellow Sea coast, it is a major nodal city of the One Belt ...
was plundered by the victorious Japanese army following the siege of Tsingtao
The siege of Tsingtao (or Tsingtau) was the attack on the German port of Tsingtao (now Qingdao) in China during World War I by Japan and the United Kingdom. The siege was waged against Imperial Germany between 27 August and 7 November 1914. T ...
in 1914, and was subsequently used to host the Japanese Consulate until World War II. The rest of its Chinese network was closed in 1917 by the Chinese government, partly reconstituted in the interwar period, and terminated again during World War II
World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the World War II by country, vast majority of the world's countries—including all of the great power ...
. In 1953, it launched a new beginning in Hamburg
Hamburg (, ; nds, label=Hamburg German, Low Saxon, Hamborg ), officially the Free and Hanseatic City of Hamburg (german: Freie und Hansestadt Hamburg; nds, label=Low Saxon, Friee un Hansestadt Hamborg),. is the List of cities in Germany by popul ...
. 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.. Bankgeschichte.de (2 November 2004). Retrieved 11 January 2012.
Branch buildings in China
The Deutsch-Asiatische Bank's branch inShanghai
Shanghai (; , , Standard Chinese, Standard Mandarin pronunciation: ) is one of the four Direct-administered municipalities of China, direct-administered municipalities of the China, People's Republic of China (PRC). The city is located on the ...
opened at No. 14 Bund on . After World War I
World War I (28 July 1914 11 November 1918), often abbreviated as WWI, was List of wars and anthropogenic disasters by death toll, one of the deadliest global conflicts in history. Belligerents included much of Europe, the Russian Empire, ...
, the property was taken over by China's Bank of Communications
Bank of Communications Limited (BoComm) (; often abbreviated as ), is the fifth-largest bank in mainland China.
Established in 1908, the Bank of Communications claims a long history in China and is one of the banks to have issued banknotes in m ...
, which in the 1940s replaced it with the still-standing Bank of Communications Building
The Bank of Communications Building is located at No. 14 on the Bund, Shanghai. The building was designed in a modern Art-Deco style, combined with Chinese elements, by Hungarian architect C. H. Gonda. It is an eight-story concrete-frame structure ...
.
Qingdao
Qingdao (, also spelled Tsingtao; , Mandarin: ) is a major city in eastern Shandong Province. The city's name in Chinese characters literally means " azure island". Located on China's Yellow Sea coast, it is a major nodal city of the One Belt ...
, 1901
File:青岛德华银行外立面粉刷前.jpg, Same building in the early 2000s
File:Tcitp d451 the german asiatic bank.jpg, Late-19th-century branch building in Shanghai
Shanghai (; , , Standard Chinese, Standard Mandarin pronunciation: ) is one of the four Direct-administered municipalities of China, direct-administered municipalities of the China, People's Republic of China (PRC). The city is located on the ...
, 1908
File:Deutsch-Asiatische Bank.JPG, Former interwar branch building in Shanghai, 2013
File:Tcitp d712 deutsche asiatische bank premises.jpg, Branch building in Hankou
Hankou, alternately romanized as Hankow (), was one of the three towns (the other two were Wuchang and Hanyang) merged to become modern-day Wuhan city, the capital of the Hubei province, China. It stands north of the Han and Yangtze Rivers whe ...
, 1908
File:Jinan Deutsch-Asiatische Bank 2009-08.JPG, Former branch building in Jinan
Jinan (), Postal Map Romanization, alternately romanization of Chinese, romanized as Tsinan, is the Capital (political), capital of Shandong province in East China, Eastern China. With a population of 9.2 million, it is the second-largest city i ...
, 2009
Banknotes
Like other foreign banks in China at the time, the Deutsch-Asiatische Bank issued paper currency in the concessions where it had established branch offices.See also
* Banque de l'Indochine * Yokohama Specie Bank * Russo-Chinese Bank *Banque Industrielle de Chine
The Banque Industrielle de Chine (BIC, "Industrial Bank of China"; zh, 中法實業銀行) was a French bank with its main activities in China and French Indochina. It was created in 1913, expanded rapidly, but collapsed in 1921, causing major ...
References
{{reflist Defunct banks of China Defunct banks of Hong Kong Banks based in Shanghai Banks disestablished in 1972 Banks established in 1889 Chinese companies established in 1889 Deutsche Bank