Shenzhen Development Bank
|Traded as||SZSE: 000001|
|Fate||reserve merger with Ping An Bank|
|Successor||Ping An Bank|
|Founded||22 December 1987|
|Services||Retail and corporate banking|
|Owner||Ping An Insurance (52.38%)|
|Parent||Ping An Insurance|
|Shenzhen Development Bank Co., Ltd.|
|Shenzhen Development Bank|
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.
In 2012, the bank was reserved merger with Ping An Bank.
- "2011 Annual Report" (PDF). Shenzhen Development Bank. archive of Shenzhen Stock Exchange. 9 March 2012. Retrieved 27 October 2016.
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