 Germany's Deutsche Bank holds 19.99% of the bank's shares as of 2010.In December 2015, it was announced that People's Insurance Company of China will acquire Deutsche Bank's entire stake in the bank for RMB23-25.7 billion.As of end of June 2012, Hua Xia Bank has in place a "hub-and-spoke" network of 33 tier-1 branches, 23 tier-2 branches, 12 cross-city sub-branches and 437 outlets in 68 major cities, and a settlement network of more than 1000 correspondent banks located in 320 cities across 110 countries and regions covering major global trade zones.