Shenzhen Development Bank

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Shenzhen Development Bank
Company type
public
SZSE: 000001
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Fatereserve merger with Ping An Bank
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Headquarters,
China
Area served
China
Key people
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  • Xiao Suining (Chairman)
  • Richard Jackson (President)
ServicesRetail and corporate banking
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OwnerPing An Insurance (52.38%)
Number of employees
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ParentPing An Insurance
Websitesdb.com.cn

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Shenzhen Development Bank Co., Ltd.
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Shenzhen Development Bank Co., Ltd. was a bank based in Shenzhen, Guangdong, China, listed on the Shenzhen Stock Exchange.

Ping An Insurance bought the controlling stake in Shenzhen Development Bank in 2011, from Newbridge Capital (16.76%) and from the general public, as well as subscribing new share by injecting Ping An Bank into Shenzhen Development Bank as its subsidiary.[1]

In 2012, the bank was reserved merger with Ping An Bank.

References

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  1. ^ Page Module:Citation/CS1/styles.css has no content."2011 Annual Report" (PDF). Shenzhen Development Bank. archive of Shenzhen Stock Exchange. 9 March 2012. Retrieved 27 October 2016.
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