Deutsche Bank first established a presence in China in 1872 with the opening of its first overseas office in Shanghai. Headquartered in Beijing, Deutsche Bank China Co., Ltd. (Deutsche Bank China) was officially incorporated as a wholly-owned subsidiary of Deutsche Bank AG in 2008. Deutsche Bank China has branches in Beijing, Shanghai, Guangzhou, Tianjin, Chongqing and Qingdao. Deutsche Bank also maintains securities representative offices in Beijing and Shanghai.