Shenzhen Development Bank

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Shenzhen Development Bank
public
Traded as SZSE: 000001
Industry Financial services
Fate reserve merger with Ping An Bank
Successor Ping An Bank
Founded 22 December 1987 (1987-12-22)
Defunct 2012
Headquarters Shenzhen, China
Area served
China
Key people
  • Xiao Suining (Chairman)
  • Richard Jackson (President)
Services Retail and corporate banking
Owner Ping An Insurance (52.38%)
Parent Ping An Insurance
Website sdb.com.cn
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.

References[edit]

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

External links[edit]