Shenzhen Development Bank

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Shenzhen Development Bank
Traded asSZSE: 000001
IndustryFinancial services
Fatereserve merger with Ping An Bank
SuccessorPing An Bank
Founded22 December 1987 (1987-12-22)
Area served
Key people
  • Xiao Suining (Chairman)
  • Richard Jackson (President)
ServicesRetail and corporate banking
OwnerPing An Insurance (52.38%)
ParentPing An Insurance
Shenzhen Development Bank Co., Ltd.
Simplified Chinese深圳发展银行股份有限公司
Traditional Chinese深圳發展銀行股份有限公司
Shenzhen Development Bank
Simplified Chinese深圳发展银行
Traditional Chinese深圳發展銀行

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.


  1. ^ "2011 Annual Report" (PDF). Shenzhen Development Bank. archive of Shenzhen Stock Exchange. 9 March 2012. Retrieved 27 October 2016.

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