German-Asian Bank
The German-Asian Bank ( Chinese 德華 銀行 , Pinyin Dé huá yín háng - "German-Chinese Bank") was a German commercial bank headquartered in Shanghai in the Chinese Empire . It had branches in China ( Tientsin , Tsingtau , Hankow , Hong Kong , Tsinanfu , Beijing , Canton ), Japan ( Yokohama , Kobe ), India ( Calcutta ) and Singapore .
history
The bank was founded at the instigation of the Foreign Office on February 12, 1889 with a share capital of 5 million Shanghai Taels . The founding consortium consisted of the following thirteen large and private banks: Disconto-Gesellschaft , S. Bleichröder , Deutsche Bank , Berliner Handels-Gesellschaft , Jacob SH Stern , Norddeutsche Bank , Mendelssohn & Co. , Robert Warschauer & Co. , Darmstädter Bank für Handel and Industry , MA from Rothschild & Sons , Preußische Seehandel , Sal. Oppenheim and Bayerische Hypotheken- und Wechselbank . On the one hand, it was intended to serve trade between Germany and East Asia, but on the other hand, it was also intended to enter the Chinese railway business and invest in steamers. One of her main activities was the drawing of Chinese government bonds . Together with English and French banks, she financed Chinese railway projects. The German-Asian Bank paid the German Reich 1% of the average annual banknotes in circulation for the concession. In 1906 it was granted a license to issue its own banknotes in China. As a result of the turmoil of the First and Second World Wars , the banking network was dismantled and banking activities ceased.
In 1953 the German-Asian Bank resumed its activities in Hamburg , under the leadership of Deutsche Bank . Together with partner banks of the EBIC group, the “European-Asian Bank” was then founded, into which the German-Asian Bank was merged. This new establishment was later renamed "European Asian Bank". After most of the partner banks had withdrawn from the European Asian Bank, it was renamed "Deutsche Bank (Asia)" in 1986, before it was merged with Deutsche Bank in 1987/88 along with its 14 branches.
Members of the supervisory board, according to the general assembly on September 21, 1928
- Franz Urbig , business owner of Disconto-Gesellschaft , Berlin, chairman
- Arthur Salomonsohn , business owner of Disconto-Gesellschaft, Berlin, first deputy chairman
- Paul Millington-Herrmann , Councilor of Commerce, Member of the Board of Management of Deutsche Bank, Berlin, Second Deputy Chairman
- Siegmund Bodenheimer , owner of the Darmstädter und Nationalbank limited partnership on shares, Berlin
- Bernhard Dernburg , Real Privy Councilor, Your Excellency, Berlin
- Curt Erich, former bank director D., Berlin
- Otto Jeidels, owner of the Berliner Handels-Gesellschaft , Berlin
- Carl Kauffmann, former Reichsbank Vice President D., Privy Senior Finance Councilor, Berlin
- Rudolf Kaulla , co-owner of the Jacob S. H. Stern bank , Frankfurt a. Main
- Ernst Kritzler, co-owner of the S. Bleichröder bank , Berlin
- Paul von Mendelssohn-Bartholdy , Consul General, co-owner of the Mendelssohn & Co. bank , Berlin
- Henry Nathan , Board Member of Dresdner Bank , Berlin,
- Alfred Freiherr von Oppenheim , co-owner of the Sal. Oppenheim jr. & Cie. , Cologne
- Hans Remshard, Privy Councilor of Commerce, member of the board of the Bayerische Hypotheken- und Wechselbank , Munich
- Max von Schinckel , former owner of the Norddeutsche Bank in Hamburg , Hamburg
- Sigmund Schwitzer, former bank director D., Berlin
Died during the term of office as a member of the Supervisory Board:
- Otto Braunfels , Privy Councilor of Commerce and co-owner of the Jacob S. H. Stern banking house , Frankfurt a. Main († 1917)
- von Brause, Privy Councilor of Commerce († 1920)
- Hugo Oppenheim , Secret Commerce Councilor († 1921)
- Waldemar Mueller , Secret Chief Finance Officer († 1924)
- Jean Andreae , bank director († 1925)
Resigned from their position as a member of the Supervisory Board:
- Adolf Boyé , Real Legation Councilor, who has resigned from service in the Reich
- Albert von Blaschke , Consul General
- Hjalmar Schacht as a result of his election as President of the Reichsbank
- E. Heinemann, director
literature
- Maximilian Müller-Jabusch: Fifty Years of the German-Asian Bank 1890–1939. German-Asian Bank, Berlin 1940.
- Liu Jing: Perception of the Stranger. China in German and Germany in Chinese travel reports. From the Opium War to the First World War. Freiburg (Breisgau) 2001, p. 29 ff. (Freiburg (Breisgau), University, Dissertation, 2001), (PDF; 2.00 MB).
- Karl Christian Schaefer: German Portfolio Investments Abroad 1870–1914. Banks, capital markets and securities trading in the age of imperialism (= Münster contributions to cliometry and quantitative economic history. Vol. 2). Lit, Münster et al. 1995, ISBN 3-8258-2124-2 (also: Münster (Westphalia), University, dissertation, 1993).
- German-Asian Bank, annual report for the years 1915 to 1927
- 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.
- Ghassan Moazzin: 'Sino-Foreign Business Networks: Foreign and Chinese banks in the Chinese banking sector, 1890–1911' Modern Asian Studies (10 October 2019), 1-35.