Shenzhen Development Bank

Shenzhen Development Bank
Company typepublic
SZSE: 000001
IndustryFinancial services
Founded22 December 1987 (1987-12-22)
Defunct2012
Fatereserve merger with Ping An Bank
SuccessorPing An Bank
Headquarters
Shenzhen
,
China
Area served
China
Key people
  • Xiao Suining (Chairman)
  • Richard Jackson (President)
ServicesRetail and corporate banking
OwnerPing An Insurance (52.38%)
ParentPing An Insurance
Websitesdb.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
Transcriptions
Standard Mandarin
Hanyu PinyinShēnzhèn Fāzhǎn Yínháng Gǔfèn yǒuxiàn gōngsī
Shenzhen Development Bank
Simplified Chinese深圳发展银行
Traditional Chinese深圳發展銀行
Transcriptions
Standard Mandarin
Hanyu PinyinShēnzhèn Fāzhǎn Yínháng

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

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


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