Shenzhen Development Bank

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Shenzhen Development Bank
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
Key people
  • Xiao Suining (Chairman)
  • Richard Jackson (President)
Services Retail and corporate banking
Owner Ping An Insurance (52.38%)
Parent Ping 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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