Founded in 1870 in Germany, Deutsche Bank is a leading global investment bank with a strong a profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 77,053 employees in 72 countries, Deutsche Bank offers unparalleled financial services throughout the world.

Deutsche Bank first established a presence in China in 1872 with the opening of an office in Shanghai. Today Deutsche Bank is locally incorporated and employs over 500 staff in Beijing, Shanghai, Guangzhou and Tianjin. In addition the Bank has a regional hub in Hong Kong SAR, which celebrated its 50th anniversary in 2008.

Through rapid organic growth and strategic investments, all of Deutsche Bank’s core global businesses are now active in China. These include corporate advisory and capital markets; transaction banking; private banking; and asset management – and are structured into two distinct groups.

Corporate and Investment Bank: Responsible for Deutsche Bank’s capital markets business, comprising the origination, sales and trading of capital markets products including debt, equity and other securities, together with our corporate advisory, corporate lending and transaction banking businesses.

Private Clients and Asset Management: Comprises Deutsche Bank’s investment management business for private and institutional clients, together with our traditional banking activities for private high net worth individuals.

Key initiatives in China:

• Deutsche Bank (China) Co. Ltd. (Deutsche Bank China) was launched on 2 January 2008. Local incorporation allows the Bank to participate more broadly in development of China’s financial services sector. It is licensed to engage in banking services including foreign exchange and RMB business such as receiving deposits and lending; buying and selling government and financial bonds; and conducting derivatives transactions. 
• Local Bond trading operations began in late 2004, and Deutsche Bank is widely recognised as a leading market participant. It has worked closely with regulators in introducing new financial market instruments and has been an innovator in such areas as local currency swaps, structured deposits, and the introduction of wealth management products.
• In Asset Management, Deutsche Bank holds a 30.0% strategic investment in Harvest Funds Management – one of the country’s leading investment managers.
• Deutsche Bank’s Private Wealth Management (PWM) business has provided onshore financial advisory services since November 2006 to high net worth individuals through the Shanghai branch of Deutsche Bank China.
• In August 2007, Deutsche Bank was approved for a USD 300mn QDII quota.